[Resolved]  Angel Broking — Unauthorised Trade

Dear Client, we duly regret the inconvenience that might have been caused to you in this regard. Kindly provide us your client code and submit your query to our feedback department at [protected]@angelbroking.com or call at 33551111 for further investigation

I am a trading client of Angle Broking Ltd (Lagpat Nagar, New Delhi)Angel Client Code is - FRBAD1115 and I would like to humbly bring your attention o[censored]nauthorised and excess trading, breach of trust, fraudulent mean of business of Angle Broking Ltd and the pattern they follow to deceive clients to generate brokerage and meet their targets. I am submitting following complain against My RM Ms Kirti Walia And Brijesh Yadav of Angle Broking Ltd with considerable pain and anguish as I have lost my hard earned saving of last 1 years Rs 30 thousand in just 4 Day trade(16.09.2013 of Rs- 6106.71/-, 17.09.[protected].92/- 18.09.[protected].44/- and last 26.09.[protected].16/-) Lumpsum brokrage of Rs- 15k. The modus operandi of firm is simple. The firm pressurises the relationship manager to generate brokerage. The Company gets away with the crime as in most cases instructions given by investors are oral, and thus difficult to prove before a judicial forum.
1.One of executive (Mr Brijesh Yadav & RM Ms kirti walia) have done few unauthorised and excessive trading without my prior consent in my Account resulting loss of Rs 28500 lumpsum in F & O segment
2.He would request me to confirm the trades on the call which would come from compliance department. and I used to get absurd trading confirmation (AFTER THE EXECUTION OF TRADE AND WITHOUT MY CONSENT) at the end of the day and at times the lady/gentlemen/sometimes relationship manager who used to call me would not have the complete information and would say that her job is limited to give confirmation on trades in a summarized form and other information would be available with the designated Relationship Manager only.
3) I had no choice but to rely on the process and person who has been assigned by Angle Broking for my relationship. I object about so much volume base trading with loss in my account with Mr Brijesh yadav & Kirti Walia but every time he would assure me that in future he would only do trades before taking my consent that too with profit
4)The pattern of trading itself show the malicious motive, whenever I call during market hour to know activities in my account He say in one word believe me we will make a profit this time. Some of excuses ‘’Do not worry I will make profit today,
5)The branch has not taken due diligence o[censored]nusual transactions in the account and same person was assigned to communicate and assist us for queries/explanation

6)Breach of Code of Conduct and lack of good business practices which is ordered by Stock Exchanges.
The only motive behind these discretionary and Unauthorized trading was to earn huge brokerage without dealing fairly with the client.
so i request you to please see the matter and reverse this amount from angel broking .
thanking you.
vijay kumar chaudhari. -[protected],