What can an investor do to avoid such situation? what can Karvy clients do now? How to check that your broker is not using your account without your knowledge? Is your brokerage not granting fund transfer requests? Are you getting your shares and money on time after the trade? SEBI in June announced a ban on brokers pledging their clients' securities to banks or non-banking financial companies to raise funds. Is your broker still doing it?
Here are the links to help you:
NSE: 1) Defaulters/Expelled Members List
2) Report of Redressal of Complaints lodged by clients against Trading Members (TMs) during 2019-20
3) Register an E Complaint
BSE: 1) Investors Complaint
SEBI
For any queries, investors may email to asksebi@sebi.gov.in (only for investors).
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