SEBI WANTS MINIMUM NET WORTH FOR F&O PLAY

In a move aimed at moderating the entry of retail investors in the stock derivatives market, market regulator SEBI has proposed that investors should have a certain minimum amount of net worth, as a criterion for trading in the segment. It also reminded the broking community about basic duties to clients to improve transparency in the market. As per the capital market regulator, a net worth certificate from a practicing chartered accountant or I-T return documents could be used as proofs for data regarding net worth.