[Resolved]  Motilal Oswal — Fraudulent transactions

I hold a demat account with motilal oswal. The RM has made very huge transactions without my consent and on reporting it to the manager, head and also the customer care n so n so forth.... No suitable action was taken.

Please be careful with this company as the client is not properly protected in such situations.
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Aug 13, 2020
Complaint marked as Resolved 
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MOSL — Fraudulent Practices

Hi MOSL Mumbai/Pune,

Last year, I opened a account with MOSL with the query of having their PMS services. but the manager in Pune branch told me to not go with PMS but to avail their facility of trading where the person assigned to me was experience in such cases and can generate more profits then the PMS.

not with the Profits but with the amount of investment I was lured into opening an account with Pune branch ... just to find out that the person trading do not have expertise other than entering the order in the system ... not even basics of market and trading ... Result LOSS of 5 LAKH.

Wanted to make all aware of such fraudulent business practices of such broker houses.
Many a time the calls given just hit the SL limits and never the PP limits... bad research maybe.
Dear Kimnipu,

We request you to kindly provide us with your client code so that we can look into this matter at the earliest.

Regards,

Motilal Oswal Team.

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