An Uber driver in India lost Rs 2.5 lakh in options trading, underscoring the risks faced by small investors entering the stock market without adequate knowledge or capital.
The driver did not follow proper trading norms or risk management protocols, resulting in significant losses from options trading, surpassing his modest monthly income.
The incident sheds light on the broader issue of unregulated or under-informed retail participation in high-risk segments of the stock market, especially derivatives trading.
The driver welcomed recent SEBI reforms aimed at enhancing investor protection in the stock market, including changes to fund settlement rules for brokerage accounts.