Totally agreed!
But how can we voice out and put it in SEBI’s ears?
I think How about a protest strike against SEBI's proposed Networth decision? - #32 by p699 is a good idea. Brokers act as a medium between the Exchanges and the Participants. So, they need to actively support this trading boycott wherein mass-mailers should be circulated and put their shutters down. Yes, short-term revenue loss but long term resolution.
Every Retailer supporting this should get a forum to speak out and pen down every single concern - be it high STT, insider trading, STCG, unrealistic Lot-size, etc… This needs to be concisely presented to SEBI from the broker’s end and a rigorous realistic rationale discussion must take place between the Broker (representing the trading community) or market participants and the SEBI.
Let’s approach our Broker’s individually and see their response! Please keep the lights on during the weekends.
P.S.
BTW South Korea is an emerging market, so is Pakistan. Why copy the rules followed in some other exchanges. India is India and the geo-political, socio-economical factors are unique to Her only. How dare a Sarkari Chamcha compare our market to others - it only shows SEBI incompetencies (in the past SEBI plagiarized models of major US exchanges and today using South Korea). Our market is functional and the heavy losses incurred by individuals in Derivatives section are notional to an individual which must be attributed as personal decision. How can you even think and come up with such stupidity? What about them (although very less in number) who overcame these barriers, hurdles; struggled hard, studied day-night, managed difficulties in life and thriving today for financial freedom?
This is the very difficulty of Democracy. Laws support Entropy (gradual decline into disorder) at the cost of penalizing the Efficient Workforce.