SEBI Says Complaints That Are Substantiated or Verifiable Can Only Be Handled
Moneylife Digital Team 11 December 2019
Market regulator SEBI has clarified that it considers only complaints that have verifiable or substantiated facts, even if it is anonymous.
 
In a statement, SEBI says, "SEBI may not be able to handle complaints which are anonymous and not specific or substantiated or verifiable. Any complaint which has verifiable or substantiated facts, even if it is anonymous, is considered by SEBI, for further necessary action."
 
SEBI reiterated that it gives utmost importance to all complaints either received anonymous or otherwise and takes necessary action after verifying the contents.
 
There were reports about SEBI would entertain complaints against market participants only if the whistleblower is reachable to substantiate allegations and provide supporting documents. It has also said that complaints made to it must be from an identified source.
 
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