The move to cut retailers participation in various ways is a continuous process applied by SEBI. Here is another prove,
Since last few years, many sub-brokers like Wisdom Capital are giving huge intraday leverage for trading.
So SEBI's one of the recent moves,
Sebi discontinues sub-broker category
https://m.economictimes.com/markets...-sub-broker-category/articleshow/65261236.cms
A sub-broker acts on behalf of a trading member as an agent for assisting investors in dealing with securities.
New Delhi: Sebi today said it has done away with the category of sub-brokers as market intermediaries, which require registration with the regulator.
Besides, the markets regulator said no person will be granted a fresh sub-broker registration, and the registered ones will have time till the end of the current fiscal for migrating to act as an authorized person or trading member.
Since last few years, many sub-brokers like Wisdom Capital are giving huge intraday leverage for trading.
So SEBI's one of the recent moves,
Sebi discontinues sub-broker category
https://m.economictimes.com/markets...-sub-broker-category/articleshow/65261236.cms
A sub-broker acts on behalf of a trading member as an agent for assisting investors in dealing with securities.
New Delhi: Sebi today said it has done away with the category of sub-brokers as market intermediaries, which require registration with the regulator.
Besides, the markets regulator said no person will be granted a fresh sub-broker registration, and the registered ones will have time till the end of the current fiscal for migrating to act as an authorized person or trading member.