[Resolved] SMC Global Securities Ltd — CREDIT OF PAYMENT | |
Sir, I have a trading account in SMC GLOBAL SECURITIES LTD. 17 netaji subhash marg New Delhi. and my trading account no is NIY0001 . I give him 30000/- by cheque no 058105 on[protected] by P.N.B. BANK but till now the ammount is not credit in my account from last one year i continew ask about my payment and the employ of smc say me that today or tommorow we r credit the ammount in your account but till now the ammount is not credit in my account . pls help me i am in very truble my ph. no is. [protected] Was this information helpful? | |
Aug 14, 2020 Complaint marked as Resolved | |
 5 Comments | |
Comments
Thanks for your inputs on this - I was going to open an account and then realized that these are not reliable people to open account with
Reply
Hi,
Even I have similar trouble with SMC Global Securities - Bangalore branch.
The sub-broker has cheated about 1.2 lakhs in total and the broking firm is very hostile to our (me and my friend's) complain. The sub-broker has absconded his name is Shirkanth Bharikund. And his immediate manager Vikas has also. I raised a complaint against this SMC fraud and talked to the Bangalore Business Manager, named Pradeep. These guys are bunch of and fraudsters. The first two absconded and our account was left only with 67 rupees. 1.2 lakhs reduced to 67 rupees. Thankfully we cooled ourselves off and got off from a massive heart attack.
When we met the Business Manager - Pradeep, he was saying us the "fine prints" we signed for SMC registration and said we cant do anything about this. Further he said we should have raised the complaint to the manager immediately; which we did and the manager for Shrikanth is Vikas. But now since both are absconding we are in no mans land.
Please be careful, the 20+ signatures we sign safegaurds SMC but if you read those (which we did after we got screwed up!!!) you will not even sign them off.
1. I strongly DO NOT recommend a sub-broker doing a trade (which ever agent you do with) - the reason being they have your username and password for the trading account and in a day or two they can screw up your money to 'nothing'.
2. Strongly DO NOT recommend SMC Global Securities.
Even I have similar trouble with SMC Global Securities - Bangalore branch.
The sub-broker has cheated about 1.2 lakhs in total and the broking firm is very hostile to our (me and my friend's) complain. The sub-broker has absconded his name is Shirkanth Bharikund. And his immediate manager Vikas has also. I raised a complaint against this SMC fraud and talked to the Bangalore Business Manager, named Pradeep. These guys are bunch of and fraudsters. The first two absconded and our account was left only with 67 rupees. 1.2 lakhs reduced to 67 rupees. Thankfully we cooled ourselves off and got off from a massive heart attack.
When we met the Business Manager - Pradeep, he was saying us the "fine prints" we signed for SMC registration and said we cant do anything about this. Further he said we should have raised the complaint to the manager immediately; which we did and the manager for Shrikanth is Vikas. But now since both are absconding we are in no mans land.
Please be careful, the 20+ signatures we sign safegaurds SMC but if you read those (which we did after we got screwed up!!!) you will not even sign them off.
1. I strongly DO NOT recommend a sub-broker doing a trade (which ever agent you do with) - the reason being they have your username and password for the trading account and in a day or two they can screw up your money to 'nothing'.
2. Strongly DO NOT recommend SMC Global Securities.
Hi,
SMC is no.1 cheater company, Please do not deal with this company for any kind of Transcation or shares or Demat account, they have appointed a person who will insist you for investment in shares they will purchase /sell of share whatever profit will be there that is your these think they will tell you for making fool to you. after investing they will invest in shares more than 10 times of actual amount whether you could be in loss or profit because they are getting huge brokerage amount and SMC agent will get huge commission on that. I know one of the person. Hitesh Chauhan (Mobile No. [protected]) who is working in Fort branch he is done same think with me and SMC is not taken any action against him.
Please be careful and do not deal with this company.
SMC is no.1 cheater company, Please do not deal with this company for any kind of Transcation or shares or Demat account, they have appointed a person who will insist you for investment in shares they will purchase /sell of share whatever profit will be there that is your these think they will tell you for making fool to you. after investing they will invest in shares more than 10 times of actual amount whether you could be in loss or profit because they are getting huge brokerage amount and SMC agent will get huge commission on that. I know one of the person. Hitesh Chauhan (Mobile No. [protected]) who is working in Fort branch he is done same think with me and SMC is not taken any action against him.
Please be careful and do not deal with this company.
Dear Sir,
I have read your complaint on consumer forum, I would like to tell you that this people are fraud and is doing such fraudualnt activities just not only with you but to many other people and also with those who are or who was employeed with them. I was employeed with them for more then 5 years as a regional manager and they took away shares of rs. 60 lakhs from my account and sold it after the market as closed.. i went to NSE and BSE but they are giving me the same answer as they gave to you.
i have also filed a law suit against them in Delhi High court and court has refrained them from further dealing in my shares.. as they have just sold 40 lakhs till date and rest of the shares are still lying the smc account.. over and bove they have debited by account with amount of 57 lakhs... without any kind of obligation or such so called debt..
it was only that, i was about to retire and was quitting from the job and they did not wanted to let me go out the company... I have also talked with the director of the company and he says that we cannot do so now.
For your complaint i shall advice you to go to NSE office near you and give a shouting fight to the emplyees.. this will help... Nse was not ready to take my case, as SMC had bribed them.. but when i took my frnds n family and literally shouted at them.. they did something.. and there is also a customer arbitration cell in NSE which provides money to you for fighting a case against the company... and if there coes more then 100 complaints towards the compnay they will shut down the operations of the company...
This people are fraud.. I am going to create an anti blog for this shortly.. hope u shall join...
you can contact me @ [protected]@yahoo.com
I have read your complaint on consumer forum, I would like to tell you that this people are fraud and is doing such fraudualnt activities just not only with you but to many other people and also with those who are or who was employeed with them. I was employeed with them for more then 5 years as a regional manager and they took away shares of rs. 60 lakhs from my account and sold it after the market as closed.. i went to NSE and BSE but they are giving me the same answer as they gave to you.
i have also filed a law suit against them in Delhi High court and court has refrained them from further dealing in my shares.. as they have just sold 40 lakhs till date and rest of the shares are still lying the smc account.. over and bove they have debited by account with amount of 57 lakhs... without any kind of obligation or such so called debt..
it was only that, i was about to retire and was quitting from the job and they did not wanted to let me go out the company... I have also talked with the director of the company and he says that we cannot do so now.
For your complaint i shall advice you to go to NSE office near you and give a shouting fight to the emplyees.. this will help... Nse was not ready to take my case, as SMC had bribed them.. but when i took my frnds n family and literally shouted at them.. they did something.. and there is also a customer arbitration cell in NSE which provides money to you for fighting a case against the company... and if there coes more then 100 complaints towards the compnay they will shut down the operations of the company...
This people are fraud.. I am going to create an anti blog for this shortly.. hope u shall join...
you can contact me @ [protected]@yahoo.com
Dear sir,
I HAVE A SIMILAR EXPERIENCE. THIS IS WITH THE PODDAR VOURT BRANCH KOLKATA. THE DEALER DID OVER TRADING AND USED MY ENTIRE MONEY OF 2.80 LAKH.THE NAME OF THE DEALER IS SUROJIT DEY THE KOLKATA BRANCH ARE CHEATERS, NEVER KEEP FAITH IN SUROJIT DEY OF KOLKATA BRANCH
I HAVE A SIMILAR EXPERIENCE. THIS IS WITH THE PODDAR VOURT BRANCH KOLKATA. THE DEALER DID OVER TRADING AND USED MY ENTIRE MONEY OF 2.80 LAKH.THE NAME OF THE DEALER IS SUROJIT DEY THE KOLKATA BRANCH ARE CHEATERS, NEVER KEEP FAITH IN SUROJIT DEY OF KOLKATA BRANCH