LKP Securities — Unauthorised F&O transactions

Address:	Ahmedabad, Gujarat, 380015
Website:	Lkp

I had an account with LKP securities. Their representative Mr Ketan Gosai carried out F&O transactions without my knowledge & information. He always used very 'cryptic' language which I (being a novice in the stock market) could not understand. I also failed to decipher the monthly statements, because I trusted him fully. He carried on doing F&O in this manner for over a year. He kept giving false hopes that I would be in the profit very soon. In reality he kept booking huge losses. By the time I realised that he was doing F&O, it was too late & I had to book a huge loss. I complained to Lkp headoffice & Sebi, but at the time of opening the account they had taken many of my signatures & Lkp headoffice & Sebi did not take any action against Mr Ketan Gosai ! & at last I transferred my entire portfolio to Kotak securities, with which I am 100% satisfied. I would never ever do any business with Lkp. & I would recommend everyone to stay away from this 'systematic' fraudsters.