[Resolved] Motilal Oswal — Mislead trading and careless account management
P
Preethy J
from Mumbai, Maharashtra
Address:
Mumbai City, Maharashtra
My trading account transactions was managed carelessly and not reviwed by any manager / supervisor ona ccoutn of which my losses were magnified. inspite my specific instructions to cover losses withing 5-6rs, they were nopt done so hence lost most of my capital investment and have made no gains.
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.
MOSL is a fraud.I think we should all get together and form a public petition group and file complaint against MOSL as I too ahve faced teh same situation and lost a huge amount.
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.