Sebi issues advisory to general public on complaints

Dec 06 2013, 19:28 IST
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Sebi in this advisory has also highlighted cases where repeated complaints are received despite the matter being resolved from Sebi's side (Reuters) Sebi in this advisory has also highlighted cases where repeated complaints are received despite the matter being resolved from Sebi's side (Reuters)
SummarySebi said it does not handle complaints that fall under the purview of RBI, IRDA, PFRDA, CCI...

kinds of limitations while resolving the complaints such as in cases where the entity against whom the grievance has been filed denies wrongdoing, and it remains unclear as to who is wrong or whether any wrongdoing occurred at all.

"If this happens, Sebi cannot act as a judge or an arbitrator and force the entity or company to resolve the complaint," Sebi noted.

"Securities laws and other laws provide important legal rights and remedies if an investor has suffered wrongdoing. On their own, investors can also seek to resolve their complaint through the courts, consumer courts, or arbitration," it said.

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