Zee Business — Misuse of confidential information by Mr. Gaurav Bajaj Expert Pennalist .

Address:

New Delhi, Delhi

In the month of June-July, 2014 I put a question regarding my investment in programme slotted at 1.00 P.M. One of expert panellist Mr. Gaurav Bajaj took my telephone No. and telephoned me through Brainex which they claimed was a parallel; vertical of Zee Business. Mr. Gaurav Bajaj met me at Barakhamba Road office of Brainex and pursued me to open a trading a/c with SMC Global and convinced me that while trading in Future and Options there will be no loss and I being a retired person will be able to make some extra income. He guaranteed me that there will be no loss in the trading as suggested by him. I was very reluctant for entering in Future and Option trading but he constantly persuaded me to open a new trading account in a co. advised by him. I opened a trading account through his messanger and transferred some of my shares to the newly opened Dmat a/c. As per their instructions I started trading on[protected]. But when I informed Mr. Gaurav Bajaj about the trading he told me that he has left Brainex and they have incurred a heavy loss in my trading account. I was scared he told me to not to worry and assured me to recover loss and make profit within one month. He advised me to transfer the account to a franchise account. I followed his advise and transferred the account to franchise account where the franchise was operating my account. Actually I wanted to get out of this, because I was of the view that this is not suitable plate-form for retail/small investors. I requested his several times to let me know the actual position of my account so that I can close the account even with some loss. I met his in Nov. 2014 and told him that I want to be out of it. He again convinced me that why you take loss he assured me that my loss will be recovered within two months. I agreed to continue for two more months. Frequent trading was being done through my account and they earned a brokerage of nearly five lacs through my account. I used to confirm the trades over telephone after receiving the call from SMC without knowing the implications. I again requested him to make me out of this mess.and gave a notice to franchise to not to do further trading in my account. I stopped confirming trades after[protected]. After the expiry for Jan.2.015 I found that heavy losses were incurred in my trading account. I telephoned Mr.Gaurav Bajaj for the losses he told me to have conviction in the market and again assured to recover the losses. But I denied to continue and put a complaint to SMC Global but they took no action and liquidated my shares to the tune of Rs.9.5 lacs. I want that persons like Gaurav Bajaj should be removed from the list of Expert Analyst. He is a fraudulant person and bringing bad name to TV Channels and shaking the confidence of Small Investors in Capital Market. I request you to take Suitable action against such people and expose them through Media. He might have duped several innocent people like me