[Resolved] Shriram Insight Share Brokers — trade done without the permission of clients
my name is supreeth.i m a client of shriram insight share brokers ltd., jayanager 4th block, bangalore.first of all the company does not care about customers and their management is more inefficient and worser than any government office.i have been their client since 1 year.
i had earlier also complained to their customer care about the unauthorised trade done by the dealer of the branch without my permission. i complained to both the customer care and the branch and it was earlier agreed that it was a mistake and the loss (rs.5000) will be compensated.but till this date the branch people have been only giving me unwanted reasons.i have called up any number of timnes to the branch manager regarding when the compensation will be paid.finally few days back they totally declined to compensate by telling that the trade was done with permission.
trade was done on 23rd april 2008.
the dealer bought zee entertainment call options(lot of 700) of strike price 220 for rs.18.after i complained about it, it was told me that they will pay for the loss and so they will take care of that option
later it was squared off by the branch people for rs.11.
the total loss booked was rs.5000.
but after any number of enquiries, the loss has not been comnpensated.
so i please advice all not to even think of opening an account with them, as they dont care for customers, as you could also be cheated as i was.
there are many other good brokerages like motilal oswal and geojit, who provide good service.
Complaint marked as Resolved Aug 14, 2020
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