Options Trading in USA from India with USD earned via employment in USA when residing in USA

[RAG]

Hi, I am a Indian citizen who resided in USA for 10+ years and relocating back to India.

Is it legal here in India to do options trading in USA after returning back to India?

I know money remitted from India via LRS can't be used for derivatives trading but I don't know if trading US derivatives (OPTIONS) with money earned while in US is legal for an Indian citizen staying in India.

Thanks in advance !!

AI Summary

Indian citizen relocating from USA cannot trade US options under FEMA SEBI RBI regulations despite conflicting consultant advice An Indian citizen who resided in the USA for over 10 years and is relocating to India inquired about the legality of trading US options using money earned while employed in the USA. A respondent criticized the unclear guidance from SEBI and consultants, stating that after paying consultation fees, they were advised that derivative trading in external markets is not permitted under FEMA, SEBI, and RBI regulations. The respondent expressed frustration with conflicting advice from various consultants, including suggestions to establish companies in UAE or use NRI relatives' accounts for trading.