Journal Press India^®

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Investors’ participation is essential for the development of securities market, which can be done by providing them adequate protection. Investors’ protection means protection of interest of investors from malpractices of various market intermediaries. SEBI was set up in 1992 to protect the interest of investors. For the growth of securities market it is necessary to build the confidence of retail investors in securities market, which can be done by timely redressing of complaints/grievances of investors. So in this paper, an attempt has been made to check the process of grievances redressal mechanism for investors and to check the performance of SEBI in redressing the grievances of investors over the period 2004-05 to 2013-14. The findings indicate that maximum investigations taken up and completed by SEBI were related to Market Manipulation and price rigging, success rate of investigation cases completed varies between 25.47 per cent and 60.36 per cent.

Keywords

Investor grievance; Securities market; SEBI; Market manipulation

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