SEBI must reveal ‘big players’ making profits at expense of small investors: Rahul Gandhi on ‘uncontrolled’ F&O trading
Senior Congress leader Rahul Gandhi stated on Tuesday, September 24, that capital markets regulator Securities and Exchange Board of India (SEBI) must divulge the names of the ‘major players’ who have been profiting at the expense of tiny retail investors.
Gandhi used microblogging platform ‘X’ to accuse SEBI chairperson Madhabi Puri Buch of corruption, claiming that small investors have lost up to ₹1.8 lakh crore over three years.
Congress’ senior leader Rahul Gandhi said SEBI must reveal the names of the ‘big players’ who are making profits at an expense of small investors
In the last five years, uncontrolled F&O trading has increased 45 times. 90% of small investors have lost ₹1.8 lakh crore in three years. SEBI must expose the names of the so-called “Big Players” who profit at their expense,” Gandhi wrote in a post on ‘X’.
A SEBI analysis found that over 91% of individual traders (73 lakh) lost money in the F&O segment in FY24, with an average net loss of ₹1.2 lakh per person. Between FY22 and FY24, 93% of over one crore individual F&O traders lost an average of ₹2 lakh (including transaction fees). Traders suffered losses of about ₹1.8 lakh crore.