[Resolved]  Bma Wealth Creators — BMA -- FRAUD Company known for Unauthorized Trading

Address:

Bangalore, Karnataka

Dear All, BMA wealth creator is a biggest fraud stock broker I have ever seen. My name is Shahid K bearing BMA client code is 38370051, there was a demat balance of rs 24300 on 9th July 2014. When I checked on 2nd Dec 2014, the demat balance is Rs 1197, remaining Rs 23, 000 is vanished.. I was not able to pull the report, then with the help of back office people I got the report where I noticed that there were multiple F&O transactions happened without my consent and the last trade happened on 15th Sep 2014 and these guys have generated enough brokerage using my balance. When I spoke to the relational manager Mr Guruprasad, he said, the transaction happened in Kumaraswamy layout branch and we will be refunding the amount in 30 days.. These people give all fake promises then come up with excuses such as its my fault that I dint check my sms nor my mails, why dont they provide the reason why this is happening and what are they doing to stop it. After couple of weeks spoke to Mr Basavaraju known as regional head and waited for almost 15 days and today he is telling that since it is 4 months old, we cannot do anything.. I really dont understand why these fraud companies do like this CHEATING innocent investors like me. Initially I got the trade report where it was clearly showing that the transaction was made using some ODS**** account and not my user id, now the trade report itself is not visible in the portal. And tried to contact all possible customer care but of no help so far.. People to whom I spoke and didnt get any support: Basavaraju KP (Regional head - bangalore) Guruprasad (Relationship manager) Shankar Poojari (relationship Manager) I urge people please check your balances if your having account with BMA and new people please dont open if they provide free demat also. I am going to file a case in consumer court as well as Police, hope someone helps me get back my hard earned money!!! Please if somebody else is trapped like this, join me so that we can fight to get the money back. Thanks, Shahid K +91-[protected]