Brokers, SEs face tougher futures and options as Sebi bids to curb F&O frenzy

Brokers, SEs face tougher futures and options as Sebi bids to curb F&O frenzy

India’s stock brokers are gearing up for challenging times ahead as the likelihood of stricter norms in equity derivatives is expected to aggravate the industry’s woes already weighed down by a slew of regulatory tightening measures and higher taxes on options trading. Broking officials and analysts said the profitability of these firms, especially discount brokers … Read more

Sebi: Sebi cracks down on gaming apps involved in virtual trading

Sebi: Sebi cracks down on gaming apps involved in virtual trading

Mumbai: The capital market regulator is cracking down on gaming apps providing virtual trading services and fantasy games based on the movement of real-time share prices of listed companies, which have mushroomed over the past few years in the wake of high retail investor appetite for stock trading. The Securities and Exchange Board of India … Read more