SEBI seeks to cut retail F&O bets Investors may soon have to tailor their bets in equity derivatives to their income. The Securities and Exchange Board of India (Sebi) is planning to link the extent of investors' exposure to futures and options to what they earn, said three people familiar with the development. The move is aimed at preventing individuals from taking unaffordable positions in risky instruments but market participants fret about the impact of such a move on derivatives volumes. The capital market regulator wants to introduce the concept of product suitability for investors in India as prevalent in other developed markets, said one of the three people cited above. SEBI TARGETING MANIPULATORS’ Any product sold to an investor should be suitable to him,” said one of them. “If it is not suitable, why should an investor invest in it?” Derivatives, once described as weapons of mass destruction by investor Warren Buffett, are considered a