Capital market regulator Securities and Alternate Board of India (SEBI) stated on Monday that it had resolved 4,371 complaints in March by way of its grievance redressal platform SCORES. The regulator obtained 4,156 complaints in the course of the month, on high of the 4,161 unresolved complaints as of March 31, based on its knowledge.
What’s SCORES and what does it do?
Designed to allow buyers to file complaints on-line, SCORES was launched by SEBI in June 2011. The platform facilitates the submitting of complaints associated to the securities market, firms, intermediaries and market infrastructure establishments (MIIs) on-line.
An improved model of the platform, known as SCORES 2.0, was rolled out in April 2024.
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How does SEBI’s grievance redressal mechanism work?
