Traders need to check their ledger not daily MTM PNL statements.
Selling of deep ITM options to hide and carry forward losses is a common practice amongst unscrupulous "sub-brokers" illegally managing others money in #OptionsTrading.
Selling of deep ITM options to hide and carry forward losses is a common practice amongst unscrupulous "sub-brokers" illegally managing others money in #OptionsTrading.
There are no mandates from @SEBI_India on allowing "sub-brokers" or any party to trade and manage client funds in #OptionsTrading.
Certainly no mandate to take leverage of the sorts usually taken.
Certainly no mandate to take leverage of the sorts usually taken.
@SEBI_India Even AIF Category 3 norms don't allow leverage upwards of 2.
Beyond that, even an AIF cannot solicit funds from the public openly.
More on these norms here:
sebi.gov.in/sebi_data/atta…
Beyond that, even an AIF cannot solicit funds from the public openly.
More on these norms here:
sebi.gov.in/sebi_data/atta…
@SEBI_India All those retail or HNI participants subscribing to trading offers from unscrupulous #optionsellers need to be aware of @SEBI_India rules on leveraged trading.
There are protections for your interest.
Beware of falling for the lure of high returns posted on MTM sheets.
There are protections for your interest.
Beware of falling for the lure of high returns posted on MTM sheets.
