SMC Global Securities — Fraud by smc franchisee naveen jetley

Address:	Meerut, Uttar Pradesh, 290005
Website:	smcindiaonline.com

I opened a share market account at smc franchisee. before accounting opening and depositing money mr. naveen jaitley was pretending to be stock market expert and good man in front of me. he promised to maintain my portfolio yielding higher returns. guaranteed me of providing at least 10% monthly income return. i borrowed 2 lakhs rupees from my father and deposited the same. at first month he provided good return and asked to deposit more if i want more return. he also told me to recommend him to my friends, colleagues or relatives.

From 3rd month he started to show his true colours. instead of providing me return he only kept on rotating my money for his own brokerage. when i asked to clarify he always provides illogical excuses. soon i realised that he is cheating on me and using my money for his own benefit. so i asked him to withdrew and close my trading account.

Firstly he tried to convince me to not to close account. still when i persisted to close my account, he intentionally traded loss in my account. on asking he said me that lost money cannot come back. if i want to recover i have to deposit more. my 2 lakhs are turned into 40, 000. i don't want to spare this person easily. kindly help me in knowing that what action can i take against mr. naveen jaitley?