LKP Securities — Cheating

Address:	New Delhi, Delhi, 110001
Website:	lkpsec.com

I have recently opened a trading account with LKP Securities through their Executive, Bishan S Negi and deposited an amount of Rs.50, 000/- with the Company. As soon as my account was opened, this man started trading in my account without my knowledge and bought 100s of lots of Bank Nifty and brought my balance with the Company in minus on the date of settlement on 30th March. When I asked how has this happened, he told me that he had a confirmed news and he thought at the end of the trading session he would give me a good news of making a huge profit but there as a debit balance of over Rs.14, 000/-. He was after me to clear the debit balance else he would not be paid his salary by LKP and his family would starve. He promised me that he would definitely make money in the next trading week. I believed him and again deposited Rs.50, 000/- but to my astonishment this money also has gone.

What conclusion I have made is that the Company must be using their team members to earn them huge brokerage so that they can pay their salaries. This is what this fellow Negi has done to me. May be out of my hard earned money of Rs.1, 00, 000/-, he must have earned more than Rs.40, 000/- as brokerage to his employer.

Kindly help me getting this complaint to the Company and make this person Negi to pay my money back. What other authorities I should use to get redressal to my money having gone waste.