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Hongkong & Shanghai Banking Corporation [HSBC]

[Resolved]  HSBC Bank — NOT ATTENDING MY COMPLAIN

I HAD GIVEN PMS TO HSBC BANK THEY HAVE PUT ME TO HUGE LOSSES AND I HAVE TAKEN UP COMPLAIN WITH HIGHER AUTHORITIES THEY ARE NOT LISTENING THEY SAY WE HAVE CHECKED EVERYTHING IT IS OK WITHOUT LISTENING MY SIDE THEY HAVE TAKEN ONE SIDE DECESION. FURTHER I HAVE REQUESTED FOR PAPERS WHICH ARE REQUIRED FOR COMPLAINING TO RBI AND SEBI WHICH THEY ARE NOT PROVIDING NOR MY MAIL FORWARDED TO ALL HIGHER DEPARTMENT NONE CARED TO ACKNOWLEDGE.
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Aug 14, 2020
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Comments

Horrible horrible experience with HSBC PMS. Not only was the performance terrible with the manager going in for high turnover but also choosing the most horrible stocks. Very illiquid and 3rd class stocks. But what was worse was the customer service. No feedback. No answer to questions and concerns. Wrong reporting of portfolio performance numbers. Terrible mistakes in Balance Shhets provided at the end of the year. The Relationship Mgr would not even pick up the phone. HORRIBLE HORRIBLE HORRIBLE.

All prospective investors...BEWARE!
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same problem with hsbc pms.incompetent fund managers who charge s money to underperform. rbi/sebi should suggest guidelines to ensure that the investors intersted is protected.can these and similar complaints be passed on to the relevant regulatory bodies pl ? can anyone suggest some remedial measures? amitabha datta kolkata
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    +91 22 6680 0001
    +91 22 6666 8890
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    Hongkong & Shanghai Banking Corporation [HSBC] Address
    52, 60, HSBC India Ltd Building, Mahatma Gandhi Road, Fort, Mumbai, Maharashtra, India - 400001
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