Any security trading in the general market should be available to all investors. There should be no discrimination made between different types of investors vis-a-vis allowing one to trade and prohibiting another. It would be a discriminatory practice otherwise.
However, for more risky asset classes, the risks should be clearly explained to the investors so that they can make judicious and well-informed choices. The investors should acknowledge that they have been made aware of the risks.
I am fine with some additional checks to be placed to ensure that the investor is indeed aware of the risks. But in the end it should be the investors choice if he/she still wants to trade. It should not be the regulators choice unless it has been clearly determined that the investor has not understood the underlying risks.
Sudhendu Rai Comment On Regulatory Notice 22-08
Any security trading in the general market should be available to all investors. There should be no discrimination made between different types of investors vis-a-vis allowing one to trade and prohibiting another. It would be a discriminatory practice otherwise.
However, for more risky asset classes, the risks should be clearly explained to the investors so that they can make judicious and well-informed choices. The investors should acknowledge that they have been made aware of the risks.
I am fine with some additional checks to be placed to ensure that the investor is indeed aware of the risks. But in the end it should be the investors choice if he/she still wants to trade. It should not be the regulators choice unless it has been clearly determined that the investor has not understood the underlying risks.