[Resolved]  Angel Broking — Unauthorized trade cum convinced and fraud

Address:

380060

A journey or you can say a story started from 15th Feb’17 Wed. They were two employees (1. Rajat Patel 2. Pritesh) of Angel Broking Pvt. Ltd. Came to me to convince about investment in policy namely Money Back Plan from Birla Sun Life. I was cleared at that time to do not make any investment prior to recover my loss from share market. But they convinced me to make investment after recovery of losses by showing that he had sure shot line calls from operators from where they will recover a loss. The convinced me to recover loss from illegal work run by Angel broking Pvt. Ltd. or from line call from operator by showing messages in mobile. Actually I was mad at that time that I trusted on them to recover loss. And from next day as not per company policy they called me after trading in my account on 16th Feb’17. That’s it; from that day they told me that we will recover all losses from line calls. And what today? I have no money of invested amount 1, 50, 000 INR (One lakh Fifty Thousands Rupees), They have cheated with me for brokerage and lost my money in just one month by illegal work run by you or operator as they called. I’ve recording of the employee i.e. Mr. Rajat Patel, in that he was spoke about that illegal work and also told that they work with 350 customers with this line calls. Give me back my money (Total Loss by your employee = Total Money Invested - Total Loss by me ---- 1, 30, 000 = 1, 50, 000 – 20, 000) in INR to my account. All trades after 16th Feb’17 has been done by your employee Mr. Rajat Patel. Even after he was not assigned me to do trade with. I’ve given rights verbally once before 17th Feb’17. And they’ve lost money with your illegal work. I’m trying to live without stress but can’t handle beyond the limit of pressure given from your side by this loss. You can verify by listening each calls from your side. A call recording could not attached herewith in which your employee clearing that he (your employee) dealing with illegal work with almost 350 customers (from your office) and why i was not awake before this too much loss is also mentioned by me in same recording. you can hear (Native Language - Gujarati) and please give me solution for this. I also emailed on [protected]@angelbroking.com, [protected]@angelbroking.com and [protected]@angelbroking.com.

At last, there are only few questions which I wish to ask.

1. Why your system giving right to your employee to do trade in client’s account when he is not assigned to respective clients?

2. Angel Broking is running illegal work?

3. Why you are dealing with client by neglecting SEBI’s COC for Stoke Broker and Sub Broker (Schedule – II, Regulation 7 – clause 3 to 7)?

4. This rules were made for all or not? (http://www.sebi.gov.in/cms/sebi_data/commondocs/futp.pdf)
5. What should i do?

And one more thing please note that a mail sent by me on 28th March'17 and today is 30th March'17. I didn't receive any email or call from your side.

References
Client Code: P69514