Bma Wealth Creators Complaints & Reviews

A person named dev from bma wealth creators contacted me on my phone number to invest a sum of rupees twenty thousand in a portfolio designed by him as he was the head of analysis in bma wealth creators. he came to my place made me sign some documents and took a cheque of twenty thousand, my account was opened on 5 jun 2017 with dp id 12046300 and client id 01782678 . after a month i called him and the number was blocked when i tried his office they said no one named dev works here nor i got the money back niether the shares were alloted to me
i have cdsl cin number as well as the blue sheet of stocks and a stamped and signed document from bma wealth creators . how can i recover my amount.

I have Invested in BMA by opening an account with Rs.100000 and started trading . I have bought 371 HIKAL shares which is worth of 200000 + now.
They have moved my account to pool account. That's why NSE is not able to see my amount there.

BMA wealth creator was a fraud stock broker. I lost close to 10Lac if full ..it just vanished with my consent. They have no reasons why and where it went and i had to pay even penalty to close my account. I had no reports visible and they transacted completely themselves. All transactions happened without my consent When I spoke to the relational manager he said me to invest more money and he will be recovering the amount in 30 days.. But at end i lost everything and went negative 12 K and i had to pay 24K to close the account . Is there a way I can recover

Dear sir please solve my issue BMA wealth creator sold my holding and fund not trasfer my bank account.
Please trasfer my fund it's my life time saving.

Dear Concerned person,
Myself Biresh Chandra Sarkar had a Demat account with BMA Wealth Creator with Client Id: [protected].
I got a email on 19th march form BSE that BMA Wealth Creator has been declared as a defaulter and I needed to claim it by May, 2020.
I am a senior citizen and during that time (FEB-OCT, 2020) I was in USA for my personal reasons, and due to the present pandemic situation I was not able to...

My mother had opened a demat account in 2013, at that point of time the broker said there are no demat charges. The broker has put his email id. Inspite of repeated phone calls to bma and mails the email id has not yet been changed. Also incorrect demat charges of rs. 4000/- has been charged and its increasing day by day. Account closing form has been sent and repeated request have been made. Once or twice a sms comes about the charges. Im really fed up and dont know what to do.

Respected sir I hope u will listen my agony and lamantation those people are making us fraud giving Bma agent subbroker they change there name a d traped us please loom my matter 9 no thsgoi g I m faci g problem your Anirvan seen Gupta said directly I don't care I can't provide any information my id As[protected]o0 as[protected] they have trade used our account without my permission and saying g hold market will be up your principal amount will be returned but no one pickup no trply one person say daily tommorow please help us dsir and still these rules of fraud by agent to gunjne customer with hertly thanks Sanjib Das details if agent no address attached dicumenrs
Hi Sir since 9 months I m begging before BMA wealth creator but no one help their Anirban seen Gupta directly said that j can't help about subbroker he has gvn one id Abhinab shil 83686 mob no [protected] since 4 months giving date today tomorrow kotha bolchi ajkai hoi jabai kal kai korbo even I have call record everyday I m calking but no one licking call one person who trap us call science 2 years he wax from Sonarpur Ghasiara now jainahar Bablu naskar he never pick up call mob no [protected] her wife Aparna Gharami[protected] we have invested 50000 n as706004 and as[protected] for 6 months auto principal amount refund no userid no password gvn one two time call foraccount opening but they told u will vet call everyday one two without your permission we can't do 10 percent will be your percll rest will be ours no tusk for principal amount but after 3 months account got lapsed and what balance was I. Account send two times from there also percentage taken but after that no pickup call without our permission they have used our id and loss so many time calk but no response from bma one time send we r looking the matter but in office said we r not responsible caught broker still pe ding case unable to lodge complain in portal there name not searching please help in this regard and take action against fraud people and please recovery our money we will be highly appreciated and remember for all wrm regards as706004 as706005 wait for confirmation

I am client of bma weaith creator. I open demat a/c transfer my all equity from iciuci bank to bma. As per commitment return 50 — 50 agent debraj dasguta phone no.[protected], [protected] wats appp no [protected]. Starting 3 month given good service. We also invest anather two person 50000/- they given f lowing id ;- ss403137 samir kumar dutta
Id :- ss403215 snigdha dutta
Id:- ss403216 d. P. Ghosg hazra
We all are cheated bma our crossponding office close last 15 days and agent not respose phone, sms, whats app.
Please give me sagest how to recover my 500000/-loss

I was open a trade account at 2014 and trade for two months but they tolded one thing to deposit 30000 rs then they will handle all the things to trade but they did not do it properly 15000 rs for investment and 15000 rs for trading service advance scheme but with in a month i lost invested 15000 rs. So i want to quit from the account of bma that the time i have a balance of trading service value rs 13587. So i want to return the amount they tolded u can use it in future. But now today[protected] they send message o[censored] have -2900 rs in your account. Bma wealth creator coimbatore rs puram branch. Very bad stratergy. Kindly no one started any trade account with them.

Many years ago a boy called sarfaraz shaikh who was previously working with angel broking and had just joined bma wealth creators convinced me to open a demat account with bma for a fee of rs1000/- which i did just to help him out.

I have never made any transaction through that account and a few months after opening the account i visited the bma office which was then located on m. G. Road goregaon west and had requested them to close my account as i was fed up of the constant calls asking me to invest money in shares.

Since the last few months i have been receiving mails and smses stating my debit balance being -5014.71. I tried in vain to get in touch with the company to get a clarification regarding the same but could not find any contact no and the office in goregaon also had packed up.

I am again requesting you to close my demat account which should have been done years ago and to write off whatever debts you are showing as i have nothing to do with the same.

Quite few years back one of my friend recommended to open an a/c with bma wealth creators for the purpose of trading. After that i never did any transaction or invested any amount and hence did not used the services of the company. Recently, i received a message from nse informing " bma wealth creators. Ltd reported your fund balance rs. -8620.73 & securities balance as rs. 0 as on end of oct-2017. I have written to them few years back itself to close the account (I am not getting the proof). Why do i receive this message? Please solve my problem & take necessary action as soon as possible. I shall be very thankful to you.

Bma has unfairly fraud practices. They can get through by unauthorized trades in my account while they have been unhelpful to sell my stock to shut the account with them. Customer care does not know to direct to update contact details changes and inspite updating the branch has been unhelpful to take trades also the customer care refused to take up or help in case facing difficulty to get through their own site. How fair is it to refuse a customer to help from both branch and customer care. I want to offload all holdings and shut my account with them

So many year before i open a currency commodity a/c with company {bma wc } at jalandhar city branch. After some time i close my a/c. I go to brach & sign. The a/c closed form. After so many year, today {[protected] } i recieve a massage from nse " bma wealth cret. Ltd. Has reported to nse that your fund balance rs. -826.35 & securities balance. Rs. 0.0. As on end of july-2017. I already close my a/c so many year before. Why i recieve this message? Please solve my problem & take necessary action as soon as possible. I shall be graetly thankful to you.

Dated.[protected], bharat bhushan kumra, [protected], vijay[protected]@yahoo.com

Hello, friends i have invested 10lacs ruppes in bma wealth creators. And after few months we see our money is zero. And we went to police, sebi, nse. And every aspect of help to victims. This company did setting in every field. And we are not able to get our money ack. We did every possible thing but they are tough to crack. Please help us.

My number-[protected]
My [protected]@gmail.com

Hi,
I had stocks around 40000 in my account which i had sold through my broker.
The amount credited was as follows.

5600 after 8 working days
32400 after 9 working days
2000 after 15 working days
8000 still pending for which i am calling the broker daily and he is treating me as if i am asking loan.

Kindly get this cleared asap or else i will take this in legal forum and sebi

Dear Sirs this is to register a fraud incident by BMA wealth creator, Mr Sen who is now transferred to Siliguri against my father Shri Ashoke Ghosh. I am planning to lodge a Police complaint. The fraud is to entrap my retired aged father in multiple investmets and not returning a single money around 2 lakhs. They have been postponing the dates every day and now stopped taking his calls. How far can an old person follow up and has left all hope.

Dear Sir(s),
I have opened the BMA account, my id being S4970005 through an agent named Santosh. I issued a Federal Bank Cheque in favour of BMA for an amount of Rs.10, 000/-
That I had clear instruction to your agent to make transaction on my behalf only with my consent but the agent never consulted with me before investing my money and went on making transactions without my knowledge. Neither I was informed about such transactions through mail nor did i receive any texts.
That after about a month or two, I got information from my colleagues that investment in certain equities may bring huge profit in future and from then I tried to call your agent, a number of times for him to undertake few more transactions on my behalf.
That surprisingly since then your agent stopped receiving my calls and avoided all my telephonic texts and calls.
That I obtained the phone number of the concerned branch office and on enquiry I was informed that my account has suffered a huge loss and my opening balance has been totally exhausted and also that the concerned agent has resigned your company after making such unauthorised transactions. That further upon request they had sent me a mail showing all the transactions that have been made through my account without my consent.
I was shocked to see the transactions that has been made of which i was never aware of. Since then I have tried calling the concerned authority to provide me a solution for the same but every attempt has failed.
I would therefore like to draw to attention to resolve my issue, or i will have no other option but to take appropriate legal actions against your company.
Your early action is solicited.
Thanking you,
Tanuka Basu
ID - S4970005
Email - tanuka.[protected]@gmail.com

Hi,

I invested Rs 50, 000/- in BMA wealth in the 2015 Dec. I was promised 30% returns and I received 2 pay check after that i didnt receive any amount. I requested BMA to pay my principal as well as my profit amount but they have been just trying to convince us. Nagabhushan and Rani from mysore branch are the ones who are handling both my husband's and my account and even my friend Seena has invested amount because I refered her but I have not been receiving any updates and no one picks the call.I need my husband and my money back.

Anuradha

Hi

I have opened the BMA account on 25/02/2017 through relationship Manager Mr. Anand. I gave the HDFC Bank Cheque infavour BMA for the amount of Rs.25000/-. Without my knowledge and Concurrence BMA traded amount and loss for it.

I approach several time to Adyar Branch and Anand about, i don't understand the BMA statement and Contract. Till now i don't get any update. I have send an email to Customer service to provide the access on BMA through online, but didn't turned up.

Anand was resgined on Dec'2016. I have send several SMS to Anand about Contract Note and amount traded in my Account, but not response from him.

I got email response from Investor Complaint Forum (Mr.Bhuvanesh) explained without your confirmation we would able to traded it as per SEBI Act. I will clearly show BMA forgery for my Amount.

Kindly look into this email, don't invest any amount to BMA. Also guide me, how i could raise the Complaint in NSC against BMA

Regards
Mani

I regret to say, this company is a Fraud company, I request all people to refrain investing this company...This company has done illegal and unauthorized transaction of my money...
Even NSE could not help me...I have attached all proofs to NSE but, NSE was also very polite with these goons
Its a total loss in invest in share market under this circumstances
My money may not be a big amount, still Rs. 12000, what I have lost without my knowledge was a hard earned money

Rather I would recommend to invest in mutual fund, which is controlled by good renowned companies like SBI, HDFC, ICICI, Birla etc etc...

Bma staff goutam bhatcharya always telling lie to me. I am investor in stock mkt. Around 20 years. With others broker. My buy or sell quantity 5 or 10 share. My portfolio around 7lacs. Just 4o days my portfolio goes nil. Bma trade only future &curency. Which i have no idea. Never telling me debit or credit. He cheted to me. I am a 70 years old helpless person. Bma always telling i recover all loss. Who buy 5 or 10 share. Can he buy 3500or 4000 quantity?. Can he loss 20 years stock in just 40 days? All trades are unauthorised.

Bma wealth creators, mumbai having its head office in kolkata, are complete fraudsters, they have no knowledge of the company.

The core team running the trading on behalf of clients come from mediocre or completely different field, they just continue random trading so that they earn their brokerage

They invest randomly in call/put options leading to huge losses of investor
When majority of share holders are earning you will be the one losing

You are cheating with me. Tiyf product is totally fraud. You have tied up with fiis. You are wasting the money of all clients. Totally fraud product. We have invested 3 lac rs.In month of feb. Now the loss of product is 170000. I dont observe any favourable circumstanceous of the clients. You are only earning brokrage & giving the profit to the fiis. The clients are loss at every time. Now how will you recover our loss at 170000. The commitment which you have given 30% profit in 1 year. But now 60% loss in 3 months.
Please contact me.
Trading code:91780007
Mob no: [protected]
Darpankumar h modi

Ref client code :[protected]
I md afroz alam siddiqui am cheated by bma wealth creators co ltd . Within one month they have finished my capital the sum of rs 204000/- they misappropriate of my fund and did lots of trades in future & option without my permission, i requested to all viewers please don, t open trading a/c with bma. It is a fraud comp.

I D .PARVATHI A/C with client ID 16690288 opened trading a/c with sri satyanarayana VISAKHAPATNAM AP (cell no [protected] )around 4 years back, now he is subbroker in your company. My A/c present with Sri sujit branch manager vizag ph no[protected]. I requested to change my a/c from branch to sub broker sri satyanarayana VISAKHAPATNAM AP (cell no [protected] ) who is opened a/c earlier. Branch manager Sri sujit is denied to change my a/c from his branch. His ph no[protected], please resolve the matter at the earliest other wise matter refer to SEBI with in 2, 3days. From D.PARVATHI, CELL NO [protected]

On Wednesday, 22 July 2015 10:53 AM, Rathindra Chakraborty wrote: Dear Madam, Refer to our telephonic conversation on 21.07.2015 morning. I would like draw your kind attention that still I am waiting for your response to settle my issue. Other wise I have to think other way. Please do the needful to resolve my problem. Thanking you Yours faithfully Rathindra Nath Chakraborty Client ID : 53670232 (M) : [protected] / [protected] On Friday, 17 July 2015 11:24 AM, Rathindra Chakraborty wrote: Dear Sir/ Madam, Waiting for your response. Please do the needful. Regards, Rathindra Nath Chakraborty Client ID : 53670232 (M) : [protected] On Thursday, 16 July 2015 12:04 PM, Rathindra Chakraborty wrote: Dear Sir / Madam, Refer to the trail mail we have not received any feed back from your end. Please let me know the status. This is to request you please resolve the issue immediately to avoid unnecessary mail communicating as well as time wasting both o[censored]s. Regards, Rathindra Nath Chakraborty Client Code : 53670232 (M) : [protected] On Monday, 13 July 2015 6:03 PM, Rathindra Chakraborty wrote: Dear Sir, Thanks for your response . But I am unable to understand that why are you paying Rs.2800/- (Two Thousand Eight Hundred only). When I have lost more than Rs.6000/- (Rupees six thousand only). As per your telephonic comunication to me you are telling that you will bear my loss at my last trading, which was happend at 7.51 p.m. on 8th July'2015. When you have square up the same at same day 10.14 a.m. morning Firstable you square up the same without my notice and you are paying my loss as your wish. The result is I am the ultimate looser. Now this is to request you please clear me where is my fault to bear the loss. In your ledger you are not showing the square up matter and you are suggesting me to close my account. I am always ready to bear the loss when there is my fault but I will not spare one paise of your carelessness and your willful decision . So this is to request you please credit the full amount i.e Rs.6000/- to my account. I will close the transaction till I get the loss which is incurred by me due to you. Regards, Rathindra Nath Chakraborty ( M ) : [protected] Clinet ID[protected] On Monday, 13 July 2015 5:03 PM, vinay Kumar Rai wrote: Dear Sir, Further to your complaint we wish to inform you that we have duly reversed the entire loss amount of Rs. 2, 800/- to your account towards full and final settlement of your dispute. (Ledger statement enclosed) We are committed to providing you the best in class customer services and in case you are not satisfied with our service we would suggest that you close your Trading and DP account existing with us. In this regard the account closure forms have been enclosed herewith for your perusal and necessary action. From: Customercare [mailto:[protected]@bmastock.com] Sent: Friday, July 10, 2015 1:03 PMTo: 'puja deb'Cc: 'investor.complaints'Subject: FW: Wrongly squareup Dear Puja, Please look into the matter. Assuring you the best of our services Warm regards, Sneha BMA Customer Care Team Help Desk number[protected] From: Rathindra Chakraborty [mailto:[protected]@yahoo.co.in] Sent: Friday, July 10, 2015 12:31 PMCc: [protected]@bmastock.comSubject: Wrongly squareup Dear Sir, I am one of your client since December'2014, my client ID is 53670232 in the name of Rathindra Nath Chakraborty. This is for your kind information that I have received a call in my mobile no.[protected] on 07.07.15 at 8.04 p.m that I need to pay some amount other wise my position will be square up. On that time my position was one copperm which was buy on 30.06.15 @ Rs.371.450 and one FUT Crude Oilm Jul [protected]@ 3601.00 which was buy on 03.07.15. After received that call I told to your person that I am on the way and this time not possible for me to pay the amount, and I pray him for help that please do something and I will pay the amount tomorrow (08.07.2015) morning positively, then the person of your organisation told me that please talk with Mr.Pulok Dey who may be help you as I am his client. Then I talk to Mr.Dey and he advised me to go to any cyber cafe and amount through net banking as our banker is same i.e HDFC Bank, Central Plaza Branch Kolkata. As per his advise I transferred Rs.10, 000/- (Rupees Ten Thousand Only) through net banking to your account no. [protected] vide reference no. 71824001A1 at 9.05 P.M and informed Mr.Dey through SMS. I make a call to your office no. also and talked to your accounts people but the person told me still it's not credited to your account, and advised me to call again at 10.00 P.M . After that I called him at 9:58 P.M, after checking at his end he confirmed that the amount has been credited to account and transferred the line to your RMS department, they also confirmed me that my limit has been increased and at that time my balance is showing Rs.14000/- (appx.) and I can trade. But I have not done any trading that night. Next day morning i.e 08.07.2015 again I called to your office and want to know about my fund position, your people told that balance is showing Rs.2000/- (appx) then I told the history of last night. Then I received a call from your office arround 1 P.M (08.07.2015) that the entry of Rs.10, 000/- has taken and my balance is showing Rs.12000/-. At 7 P.M I called to your office to know the present market price of Copperm and Crudeoilm the person who have received my call told me that my square up at 10:14 A.M . Now this is to request you please look in to the matter why the square up was done without informing myself, when I have communicated several time with your people at previous night, are they playing with the money of others people? They square up Copperm @ 344.80 and the Crudeoilm @ 3355, the movement of both are in upper position compare to last night. Now please clear me who will bear my loss amount? Is this the system to handling customers? This is to request you please help me to refund my loss, because of your people . Waiting for your kind response . Thanking you Yours faithfully Rathindra Nath Chakraborty [protected] Client Code : 53670232

Sir, I am Mahaboob Basha Yadiki with customer number 88500313 at Hanmakonda branch since 2011. having holdings in the account. But in the month of January 2015 when I was at New Delhi Mr. Naveen called me regarding future options with good result, I said I have no idea. regarding this even though I said to go for only 10 (TEN) but he has gone exceedingly and brought Rs 17, 700 minus in my account doing the trading continuously on 13, 14, 15 16 dates in the same month. When I complained regarding this to your Warangal executive Mr. Taher, he is going to deduct the amount from their salaries and adjust the amount. But so for nothing has been done. I also called to your desk leader Ms.Kavitha BMA/ Hyderabad regarding this matter and she said to discus with Mr.Vikram Manager BMA/Hyderabad, but still nothing is done. Kindly look in to the matter settle the issue as early as possible . So that I can continue my for trading

The representatives of this company manipulated the statements and did transactions in derivatives and I told them, I am not aware of this market and never ever have done trading in such market. They are very clever in these types of fraud activities.They also did not disclose the brokerage commision for such type of transactions .

Sir, I am Narayan Hari Agarwal and my ID 17580142 With BMA Wealth Creators which was opened after seeing adds on CNBC During Feb/Mar 2011. The following are the my queries which is not addressed at all by BMA office at Hyderabad (Tele No.[protected] & customer care of BMA. I have send query on 07 No 14 and on 09 Nov 14. 1. On 29 Oct 14 I sell SRF 100 share for intraday, and transaction was cleared in system with a loss of Rs 675/-. I do not know what happened after that. Mr Mahesh (in BMA office at Hyderabad Tele No.[protected] on 03 Nov 14 told me that it was not cleared on the same day . As far as I know intraday transaction have to be completed on the same day. If due to any reason it could not happened, why no one have informed me? I was unaware of this fact before meeting to Mr Mahesh . Why this was not purchased on next day? It was purchase on third day ie 31 Oct 14. Due to this I faced a loss of more than Rs 11, 000/- . 2. On 30 Oct 14, BMA office at Hyderabad gave me a call to purchase 1000 share lot, I ask them for profit & loss for this .As per them profit will be 7, 000 or loss 1400 is the maximum limit. Possibility is more for profit. They have not told me about brokerage charge of Rs 4, 000/- this means maximum profit 3000/- or loss 5, 400. Total loss of this transaction is Rs 5, 896/-. 3. On 31 Oct 14, BMA office at Hyderabad gave me a call to purchase 500 share lot, I ask them about 30 Oct 14 transaction but they have not told anything by saying I will come back but sorry to say till this time they do not come back. Total loss of this transaction is Rs 4142/-. 5. BMA office at Hyderabad have not given me any reply. I called them 6-7 times Friday on 07 Nov 14 and finally they talked to me and told to me, we will come back but nothing has happened after that. 6. I request to you to do some thing to recover the loss of more than Rs 20, 000/- 7. My mobile No. is [protected] and land line No. is[protected] at Hyderabad. Now I am at Hyderabad. Nothing has been done till date. Please guide me what to do.

Dear All, BMA wealth creator is a biggest fraud stock broker I have ever seen. My name is Shahid K bearing BMA client code is 38370051, there was a demat balance of rs 24300 on 9th July 2014. When I checked on 2nd Dec 2014, the demat balance is Rs 1197, remaining Rs 23, 000 is vanished.. I was not able to pull the report, then with the help of back office people I got the report where I noticed that there were multiple F&O transactions happened without my consent and the last trade happened on 15th Sep 2014 and these guys have generated enough brokerage using my balance. When I spoke to the relational manager Mr Guruprasad, he said, the transaction happened in Kumaraswamy layout branch and we will be refunding the amount in 30 days.. These people give all fake promises then come up with excuses such as its my fault that I dint check my sms nor my mails, why dont they provide the reason why this is happening and what are they doing to stop it. After couple of weeks spoke to Mr Basavaraju known as regional head and waited for almost 15 days and today he is telling that since it is 4 months old, we cannot do anything.. I really dont understand why these fraud companies do like this CHEATING innocent investors like me. Initially I got the trade report where it was clearly showing that the transaction was made using some ODS**** account and not my user id, now the trade report itself is not visible in the portal. And tried to contact all possible customer care but of no help so far.. People to whom I spoke and didnt get any support: Basavaraju KP (Regional head - bangalore) Guruprasad (Relationship manager) Shankar Poojari (relationship Manager) I urge people please check your balances if your having account with BMA and new people please dont open if they provide free demat also. I am going to file a case in consumer court as well as Police, hope someone helps me get back my hard earned money!!! Please if somebody else is trapped like this, join me so that we can fight to get the money back. Thanks, Shahid K +91-[protected]