[Resolved]  Religare Securities Ltd — Unauthorized trade in demat a/c

Address:

Central Delhi, Delhi

Hi,

I am holding a demat a/c from Religare Securities (C.P. office) since 8th July. I was not aware about the fraudulent practices in Religare else I would have not opened demat a/c with it.
Since day one my relationship manager (RM) started doing transaction without my consent. Every time he said I am doing for your benefit.
On 30-sep, he did transaction in Nifty futures for 18 lakhs without informing me.
I have complained in SEBI and planning to go to consumer court also.

Readers pleaseeeee never go to Religare like companies. They take your signature on "power of attorney" letter to trade on your behalf. And they will play with your money. The RM will make huge transaction on your a/c to make his own commission.
They do not have any corporate ethics. They looted my money and make me debit for more than one lakh rupees.

Thanks,
Sushil Kumar.
Noida.