NewKerala.com

BSE Resolves 109 Investor Complaints, Warns Against Unregistered Advisors

The Bombay Stock Exchange (BSE) resolved 109 investor complaints against 92 companies in December 2023, while receiving 141 new complaints. The exchange issued a specific warning against an individual named Aditya Rishab Mishra for offering illegal, unregistered services. It highlighted companies like JSW Steel with complaints pending for over a month and advised investors to verify intermediary registrations. Simultaneously, regulatory bodies like SEBI and RBI run campaigns like "SEBI vs SCAM" and "RBI Kehta Hai" to promote fraud awareness and direct investors to official redressal systems like SEBI's SCORES platform.

Key Points: BSE Resolves 109 Complaints, Issues Investor Warning

  • 109 complaints resolved in Dec
  • Warning against unregistered advisor
  • Top pending complaints listed
  • SEBI's SCORES platform for redressal
2 min read

BSE resolves 109 investor complaints against 92 companies in Dec

BSE resolved 109 investor complaints in December 2023 and warned against unregistered entities like Aditya Rishab Mishra. Learn about SEBI's SCORES platform.

BSE resolves 109 investor complaints against 92 companies in Dec
"Please note that these individuals/entities are neither registered as member nor as Authorized Person of any registered member of the BSE Limited. - BSE Statement"

New Delhi, Jan 2

Bombay Stock Exchange announced on Friday that it resolved 109 complaints from investors against 92 companies in the month of December.

Meanwhile, the stock exchange received 141 complaints against 113 companies during the month of December.

The resolved complaints include those brought forward from previous periods.

Further, the stock exchange informed that the top three companies where complaints have been pending for redressal for more than one month as of September 2025 include JSW Steel Limited, Madhuveer Com 18 Network Limited, and Dhani Services Limited.

Earlier, BSE warned investors about an individual identified as Aditya Rishab Mishra offering illegal services and cautioned investors to stay away from products offered by him.

"Please note that these individuals/entities are neither registered as member nor as Authorized Person of any registered member of the BSE Limited. The Exchange provides a facility to verify the registration of Exchange intermediaries at following links on the Exchange website," the statement said.

Investors were advised not to share their trading credentials such as user id/password with anyone for trading in their account/handling of the portfolio.

BSE warned that these schemes involve significant risks and do not provide access to investor protection or dispute resolution mechanisms. It urged investors to check registration of its intermediaries, or enlistment of Investment Advisors (IA) or Research Analysts (RA) on its website.

Further, the RBI generates public awareness about safe digital practices through campaigns across TV, print, SMS, and digital platforms such as the RBI Kehta Hai campaign and BE(A)WARE' booklet, to educate consumers on fraud types and redressal mechanisms.

The SEBI also runs the "SEBI vs SCAM" Campaign, which generates an ongoing fraud awareness campaign via TV, print, radio, and social media in partnership with Market Infrastructure Institutions (MIIs).

SEBI also runs SCORES, or the Sebi Complaint Redressal System, an online platform that enables investors to file and track complaints against listed entities and Sebi-registered market intermediaries.

- IANS

Share this article:

Reader Comments

P
Priya S
Good to see action being taken! 🎯 The warning about Aditya Rishab Mishra is crucial. So many unregistered "advisors" prey on new investors. Always check SEBI registration before trusting anyone with your money. #InvestorAwareness
R
Rohit P
JSW Steel, Dhani Services... these are not small companies. If complaints are pending against them for over a month, it's concerning. What is causing the delay? BSE should be more transparent about the resolution timeline for such prominent firms.
S
Sarah B
The awareness campaigns by RBI and SEBI are excellent initiatives. "SEBI vs SCAM" and "RBI Kehta Hai" are much needed. Financial literacy is the first line of defense against fraud. More of this should be promoted in regional languages too.
K
Karthik V
As a small investor, I've used SCORES. The platform works, but the process can be slow. Glad to see they are clearing the backlog, but the system needs to be faster. Every day of delay costs investors real money.
N
Nisha Z
The number of complaints (141 against 113 companies) in just one month is quite high. It points to a deeper issue with corporate governance and investor communication in many listed entities. Exchanges need to enforce stricter compliance.
M
Michael C

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50