[Resolved]  Religare Securities Limited — unauthorized trade done by your department without my knowledge

Address:Odisha

To Abhisek Mitra
Branch manager
Religare Securities Ltd
Bhubaneswar


Sub-Illegal trading done by your dealer/rmc without my knowledge

Dear Sir,
I jayaram Soni, client code js5299, having account in both equity and commodities, want to inform you that illegal trading done by your part in my account without my knowledge, for your fault my account is showing loss, Today i.e,[protected] morning a short margin call was received by me, i informed by your department that there is only 19000/= short fall in my equity account, I gave/send scan copy/cheque deposit slip of ICICI BANK cheque number 682954 of rs 30000/=, i send 11000/= more than my shortfall , in afternoon i informed by mr bhibhu that i should issue a new cheque because market is going low very fast, again i issued a new cheque of rs 65000/= of dated[protected], and send scan copy to your dealer/manager/all related persons in bhubaneswar branch, at the time of market closing mr bhibhu informed me that my one of position is cut of by religare without informing me, its illegal work done by your department, because you can search my history, i am not a defaulter, i am a genuine customer from beginning , again at 4.45pm they informed me that my 3 positions were squared off and 2 new again position made by your department, it all was without my knowledge, they told me that reliance infra future-250pes(1lot) [protected]@510.35 and [protected]@546.99 + brokage, reliance capital 550pes future(1lot) [protected]@404.80 again [protected]@419 and educomp future 500pes(1lot)[protected]@399.60+brokage, for this illegal act by you, my accont is showing huge loss i.e, in reliance infra self trading done by you, loss showing rs 250 into 510.35-546.99= rs 9160+ brokage, in reliance capital its 404.80-419 into 500pes= 7100=brokage, plus Educomp future loss+13925+ brokerage in educomp, total 30185+ brokerage which was also squared off by your department. when i asked all about you from your belonging person, they cannot repied correctly and cut off my phone calls three times when ever i want to inquired what the hell going on, they gave answer at 4.45 pm.I have never told any one of religare staff to buy/sell any thing in my account today.You can cheque out my history. I have never been a defaulter in any case since more than last 5years.

How can your department can trade in my account without my permission, 1st off all why you square off my position, my account was not in zero balance that time, and i want to inform you that my shares , worth rs more than 1 lacks amount share were also in dp account in your house.

every time why will client suffer, this is all self trading made by you, so please return my money back which is lost by your fault, i am in mental pressure given by you, please made my original position without any trading loss which occurs by only you.AND give me compensation extra of same ammount, because OF you all person today i also booked huge mental tension, Please refund my loss and made my original positions.
other wise i have to take shelter of LAW,
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Aug 13, 2020
Complaint marked as Resolved 
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Dear Sir/Madam
We are from “Law Masters Consulting Pvt. Ltd.”, A company which is managed and run by professionals those has vast and rich knowledge as well as experience relating to “Capital Market”.
We deal in Capital Market Legal and compliance matters and advice our clients on various disputes emanate in Capital Market due to misconducts. We have nationwide network and work in different constituencies to serve our clients throughout India.
We have gone through your matter which has been posted by you at different forum. It is fact that 7 out of 10 clients are being cheated by some miscreant in the market and client due to lack of knowledge never take up his matter diligently through appropriate channel. Client suffer losses due to various misconducts in the market, that includes
1. Unauthorized Trading in client account.
2. Trading just to earn excessive commission and brokerage.
3. Trading in any particulars segments of capital market, in which the client has not sign the agreement.
4. Guarantee against the losses and assured return
5. Breach of Code of Conduct and good business practices which is ordered by Stock-Exchanges.
6. Any others types of discrepancies by the brokers or sub –brokers.
7. Miss appropriations of shares and other securities
You may contact us for free counseling and discuss your matter with our expert on the panel.
Thanking You.
With Regards
Team Law Masters
Mobile [protected]
Ph:[protected]
Email- [protected]@lawmasters.in
[protected]@lawmasters.in
Log on -www.lawmasters.in

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