It is fairly common knowledge in the country that someone on a moped has a higher probability of getting penalised for traffic violation than someone driving a Mercedes Benz, or one with a beacon flashing. The traffic sergeant's power does not depend on the uniform he wears as a law enforcer, but from the status of the subject he monitors. What is true in civilian life may be becoming a norm in financial markets as well.Financial regulations in India have come a long way, but not their enforcement.