Is this a joke by SEBI?

[p699]

@nithin

So yeah, the above circular will only clean up the system and will most likely make no difference to the life of any retail equity investor/trader.

How does the SEBI circular on collection and reporting of margins in cash segment from Jan 1st 2020 affect me?

Let me start off with first explaining why SEBI may have put in this rule in place to collect margins from customers and report to exchanges. Over the last couple of years, especially after the financial frauds at a few brokerage firms, SEBI has been working hard to fix a legacy issue of the broking industry which was a loophole that got misused by these firms. This is essentially a way to use one client’s balance (cash or margin from pledging securities) for another client, or by the brokerage…

@Bhuvan How to close this thread, since Nithin has answered this issue in another thread ?