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Bloomberg Quint

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Image Credit: Bloomberg Quint

Uber Driver Loses Rs 2.5 Lakh In Options Trading, Warns Retail Investors Against Risks

  • 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.

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