n NISM Certifications
VII NISM Series VII
Medium

Whom should an investor first approach in case of a grievance?

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    SEBI

  2. B

    The Stock Exchange

  3. The concerned intermediary

    Correct answer

  4. D

    Local District Court of Law

Why this is the answer

Investors are required to first approach the concerned intermediary or trading firm to resolve grievances. If unresolved, they can escalate to the Stock Exchange and/or SEBI, which independently advise the intermediary to address the complaint.

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