More than 15,000 Reported in SCORES in First Quarter of 2024-25
However, with right procedure it can be recovered.
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How to Lodge Complaint in SCORES?
Technology has made it easier for traders and investors to fulfill their dreams of trading online. However, with the entirely online process comes the need for a robust mechanism to safeguard traders’ and investors’ interests.
Therefore SEBI was established in 1992 with the objective of protecting investors’ interests in the stock market.
SEBI Complaint Portal Registration
No doubt, technology has made it easier to trade & invest in the share market.
But with the advent of digitization, traders and investors face various issues such as technical glitches in trading apps and unauthorised services by brokers and registered Research Analysts (RA) & Investment Advisors (IA).
To address these concerns and provide satisfactory resolutions to the investor community, SEBI offers an online portal called SCORES.
This platform allows traders and investors to file their complaints seamlessly.
When reporting a complaint on the SCORES portal, it is important to have all necessary documentation and evidence to support your claim.
- Access SEBI SCORES portal and register by adding DOB and PAN Card Details.
- Now login by entering your Username and OTP received on your mobile number.
- After logging in, click on Lodge a Complaint and choose the entity (stockbroker, mutual fund, RA, IA, etc).
- Enter complaint details and upload supporting documents.
- Preview & Submit.
- Make sure you provide a quick reply to the SEBI response to get timely resolution to your complaint.
After submitting, monitor the complaint status by logging in to SCORES Portal regularly.
What Type of Complaints Can be Filed in SCORES?
You can raise different types of concerns in SEBI that includes:
- Brokerage issue
- Technical glitch in trading app
- Misguidance by registered RA & IA
- Account handling
- Demat account related issues
In short one can raise a complaint against:
- Stockbroker
- Mutual funds
- Depository Participants
- Stock Exchange
- Portfolio Managers
- Registered IA & RA
Before filing a complaint in SEBI Scores, the person must reach out to the concerned person or a company. On not getting satisfactory response, one can lodge complaint in SCORES.
