Why you cannot complain to Sebi about unregistered investment advisors
Last Update Date: 05-10-2026
Published by Mint
Abhishek Kumar's role: Mentioned
Abhishek Kumar is the article's opening example: his registered advisory firm received a SCORES complaint actually aimed at an unrelated, unregistered person, and it took 13 days of exchanges with Sebi to close it.
More of Abhishek's views on money management
Mint reports that Sebi's SCORES grievance platform accepts complaints only against registered entities, leaving no official channel to complain about unregistered investment advisers. It covers Sebi's 2024 action against unregistered advisers, complaint numbers against registered advisers, and legal views on why going to the police is difficult.
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Why you cannot complain to Sebi about unregistered investment advisors