[11] In February 2024, Motilal Oswal Financial Services faced a cyberattack by the ransomware group LockBit, which claimed to have accessed confidential data.

This breach could affect the information of over six million clients and put at risk data related to the company's asset management and investment banking operations.

[20] The EOW had arrested senior employees of three brokers namely IIFL, Geofin Comtrade & Anand Rathi in March, 2015.

[23][24] The EOW-Mumbai in its supplementary charge sheet has also accused the three brokers IIFL, Motilal Oswal & Anand Rathi of cheating clients.

[27][28][29][30] In May 2022, SEBI imposed a fine of INR 2.5 million on Motilal Oswal for misutilization of client funds and incorrect reporting of margins.