Fails to Provide Guaranteed return in Share, Can Lodge Complaint With SEBI?

If Mr. A has given Rs.1 lakh to a broker Mr. B on an agreement  that, Mr. B will provide annual guaranteed return of 50 per cent. If later on Mr. B fails to provide guaranteed return, can Mr. A lodge his complaint with SEBI?

1. Yes, because Mr. B is a broker

2.  No, because above dispute comes under purview of Stock Exchanges

3 No, because this is a disputes arising out of private agreement with companies / intermediaries

4 Yes, because investor protection is prime mandate of SEBI


Answer:
3 No, because this is a disputes arising out of private agreement with companies / intermediaries

Explanation:

Matters that are not considered as complaints in SCORES (SEBI Complaints Redress System) are as follows:

*   Complaints those are incomplete or not specific 
*  Allegations without supporting documents 
*  Offering suggestions or seeking guidance/explanation 
*  Seeking explanation for non-trading of shares or illiquidity of shares 
*  Not satisfied with trading price of the shares of the companies 
*  Non-listing of shares of private offer 
*  Disputes arising out of private agreement with companies/intermediaries 

SEBI Head Office :
Plot No.C4-A,'G' Block, 
Bandra Kurla Complex, 
Bandra (East), 
Mumbai - 40 0051
Tele : +91-22- 26449000, +91-22- 40459000
Fax : +91-22-26449019 to 22, +91-22-  40459019 to 22
E-mail : sebi@sebi.gov.in

Interactive Voice Response System (IVRS):
Tele : +91-22-2644 9950, +91-22-4045 9950 
Toll Free Investor Helpline: 1800 22 7575

SEBI - Southern Regional Office
The Regional Manager, Overseas Towers, 
7th Floor, 756-L, 
Anna Salai, 

Chennai : 600 002.
Tele : +91-44- 2888 0222, +91-44- 2852 6686
Fax: +91-44 -28880333
E-mail : sebisro@sebi.gov.in 

Src: http://scores.gov.in/, http://www.sebi.gov.in/, http://investor.sebi.gov.in/

Share: