Kotak Securities — dealers have done trading without taking consent on large volume and exhausted my all money

Kotak Securities — dealers have done trading without taking consent on large volume and exhausted my all money

M Misra Saurabh from Ludhiana, Punjab

Hi My client id is S01VC..and I have suffered huge loss as large volume of trades have been executed, when I was using dealer assisted trading ..this is total misuse of power of attorney ..if someone has amount X why positions of value more than X has been taken, result I have to pay extra interest.also ..I must say this was worst experience of my life and in 2 months only I'm very much dissatisfied.. Was this information helpful? No (0) Yes (0)
Kotak Securities customer support has been notified about the posted complaint.
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Sana.s

Hi,

A similar incident happened with us also. My father lost much of his retirement money in Kotak dealer-assisted trading. In less than two months his entire deposit was wiped out. His Client Code : THF00.

I think we might have to write to SEBI. Loosing all of client's money looks like a constant practice with Kotak Securities.

S Manjunath

from Virarajendrapet, Karnataka

Demat a/c opening delay poor services .before opening demat a/c pay in.totaly worst service kotak security s.near one month for opening demat a/c 51000 rupees idle since one month .don't give trouble for customers.kotak bank totally worst service