[Resolved]  India Infoline Limited — Trading without my permission

India InfoLine — Trading without permision

Dear Sir,

Through this mail I would like to make a complaint for one of your agent Mr. Ranbir kumar his employ code is C-50871 and mobile no- [protected], regarding the trading without my permission.

I would like to bring it in your kind consideration that he did lot a trading from my account without my permission .you can check the record .The trading record shows that he traded only for brokerages purpose, he did blunder on daily basis but not inform me. I have already made complaint against him to branch office Mayur Vihar (New Delhi), but no any action taken by branch manager. Now who is responsible for my loss? My loss should be recovered from his salary otherwise he will do again with other customer. I want make a fIR against him.

I am sure you will recover my loss from his salary and you will take necessary action against him.

Thanks

With Regards
Jyotsana Sharma
Flat No.302, Sector -22
DDA Flats Pocket-1
Dwarika New Delhi
[protected]

India InfoLine — Trading without permission

This is to bring to your notice that an employee, Prashuram Jaiswal (employee id : C53006), of India Infoline Services Ltd. traded in an unauthorised and indiscriminate manner in my online trading account resulting in a substantial financial loss to me without my knowledge. I had bought shares of four different companies at various intervals between November 2007 and February 2008 and now I find that these shares are not there in my account.

This broker is now saying that he traded in my account with my permission, which is not the case. His branch manager, Imran is supporting this broker and refusing to listen to my complaint. I request the authorities to take strict action against both Parshuram Jaiswal alias Prem Raj and his manager Mohd. Imran Khan, as soon as possible.

India info line is not only cheating clients but also the employees. The reason why they are selling without your knowledge is the employees are not given salary unless and otherwise they show 3 -4 times of their salary as brokerage. Frustated employees are doing some trading without the knowledge of the clients and leaving the company inorder to put the company in trouble.

The usual thing happening in IIL is they will recruit somebody in the middle of a month. they will give salary for half the month. From next month no salary will be given, which they will realise only in the third month. They will say it will come after 10th, 15th, 18th and the next month will come and no salary will be given. By this time, they will catch some clients and make them do some trading. If reason is been asked for not giving salary, they will simply say you have not met the target of brokerage as well as getting clients. the frustated employees will leave the company without any salary having worked for 3-4 months and this will continue. they are not bothered about people leaving the company as their clients count is increasing.
Some sever action should be taken against IIL for cheating emplyoees also.

let us unite for justice, call [protected]

ya it is very much true that they r trading without the clients placing the order with them they do this just to earn brokrage without considering the long term perspective. we have had the same experience, they r practicing all sorts of illegal practices even then i do not understand why SEBI, NSE or BSE is taking any action on Indiainfoline are they hand in glove with the brokers.

Indiainfoline should be banned from doing business on BSE and NSE.

My id is JADUMANN. ON 7TH of December my Relationship Manager bought albk and lost Rs3000/- and said sorry I have good targets, and in the past Relationship manager bought PFC fut and axis bank fut and lost Rs, 11000 and Rs, 5000 respectively by doing trades without my consent. If it continues to happen like this then I will take legal suit against the company.