Complaint Details

Status	:	Closed
Complaint No	:	0003655/2013
Category	:	Business & Finance
Date	:	13-03-2013
Subject Line	:	Complaint Against Unauthorized Trading Client Code DARKA1393
Complainant	:	sanjeev kumar prasad
Address	:	AIC DGIS, DGIS ENCLAVE ,RTR MARG
Complainee	:	angel broking limited
Address	:	delhi

Complaint Details
Complaint Against Unauthorized Trading Client Code DARKA1393
I opened the angel broking account on 08 Jan2013. I was allotted A/c No 1203320008122331 and Client code is DARKA1393. I deposited Rs 25000/- in my account. I was assigned a RM Miss Kriti walia- angel broking, Dwarka Branch, Delhi) on account creation, . I would like to bring to your notice that, I was misguided by angel broking's RM for getting more profits within short span of time while trading on futures and options. She also told me that, I am not fully utilizing my margins and angel broking can give more and more margins. At the same time she didn't told anything about penalty for the margins which angel broking was going to charge. Well I am not a regular invester and the RM gave tips forcefully to buy/Sell which took my hard earned money Rs 25000/- in just a week’s time. She advised trades by giving more margins and heavy trades (more than my balance -). Even after so much of losses, they didn't stopped and sold my physical share holding ( ESSEL PROPACK QTY-100, JAYPEE INFRATECH QTY-50, NHPC LIMITED QTY-590, REL COMN QTY -100, REL POWER QTY-100) for Rs 34000/-. They carried out trading without my permission leading to the loss of approx Rs59000/-. RM Miss Kriti walia and Branch head Mr Dinesh colluded together to trade my money without my confirmation .In time period of one month ie from 08 jan 13 to 14 Feb 13 they have done loss to me of Rs 59000/-( Rs 25000/ - deposit balance in my account and Rs 34000/- of my holding shares). When I spoke to them they are not able to give any justifications of bad trades and now they have stopped taking my call. On 16 Feb 13 when I checked my account online I was shocked to see that they have done number of transactions without my permission which leads to loss of approx Rs 59000.. They have just looted me like anything and in a month time I lost more than Rs 59000/- Being an Army officer loss to my hard earned money is really disturbing. I request angel broking management to look into matter and help me in getting my money back and take action against Miss Kriti walia,RM and Branch Head Mr Dinesh who carried out trades without my permission . . Kindly treat this note as an official complain and investigate the matter so that I can take further necessary action

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