[Resolved]  Edelweiss Financial Advisors Limited — Execution of trade without approval of client

Address:

Ahmedabad, Gujarat

M/s EDELWEISS FINANCIAL ADVISORS LIMITED
ANAGRAM HOUSE, H.L.COMMERCE COLLEGE-STADIUM ROAD
NEAR COMMERCE SIX CIRCLE, NAVRANGPURA
AHEMADABAD-380009
PHONE[protected]

1)I had opened dmat account in march2011with M/s Edelweiss for investment in share market with amount of Rs.185000.
2) Unauthorised trades were done by M/s Edelweiss Finacial Advisors Limited without prior approval of client. No transaction has been done by me from my login & password.
3) Despite repeated request to representative of firm, Copy of agreement & account statements were not made available .While unauthorised trade kept on happening without my consent or knowledge. No response was received to my emails addressed to various officials of Stock broker.
4)Stock broker has given on their website ; email id " [protected]@edelweissfa.com" for redressal of complaint. When emails containing complaint were sent to above email address; emails bounced back to my spam folder. It appears that Stock broker was deliberately blocking my emails to avoid action on my complaint. On ther hand ; Junk mails were continuously
5)It is concluded that Stock Broker has planned to drain investors money within 2-3 month.Copy of emails were also sent to SEBI ( [protected]@sebi.gov.in) but no action taken on my complaint. Copy of emails is attached.
6) It is requested to invesigate into the matter. Same may also be happening with other investors also.
SEBI NEED TO MAKE STRIGENT RULE for PRIOR APPROVAL OF CLIENT (PREFERABELY IN WRITING) BEFORE EXECUTION OF TRADE in.
/S.Pandey
Dmat Account No[protected]