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SAT confirms That SEBI's SCORES Acts Like a Post-office. What Next for Investor Grievance Redress?

On 3rd August, the securities appellate tribunal (SAT) issued an interesting order which, finally, nails down what thousands of investors have suspected and complained about—that the market regulator deals with complaints to its grievance redress system like a post-office. It merely forwards cases to the regulated entity against which there is a complaint. If the entity is concerned enough to resolve it, the investor is lucky. ....

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