A nice example of how a person with little or no knowledge of stock market workings, lured by someone for QUICK money.
Well first of all, you should blame yourself that you trusted this guy blindly and waited so long for getting things clarified. Any way, since these guys are not giving you any proper explanation of things, this is what you may do:
1. Talk to this person and threaten him that you will take legal action against him company and make him in person (as individual) one party in the case for cheating.
2. If the person still does not apologize and return your money, then drop an e-mail to SEBI, explaining whole incident and how the company and the person cheated you, with a copy marked to the customer care/ relationship manager of the company. Though SEBI may not take any action on the company or this individual just base on a small e-mail, but this act of yours will indicate to the company that you are serious about your money and can drag them to legal proceedings, which may help settle the matter.
3. Still, if there is no solution, you may consult a legal adviser/ advocate, and he will advice you the correct course of action, based on the availability of documentary support you have in favor of your allegations. The course of action may include formally filing a complain with SEBI, NSE and BSE; going to the consumer forum or filing an FIR for cheating etc..
You may or may not get your money back now, but still you should do everything you can to make the life of these guys hell, so that at least they refrain from doing the same from someone else.
Regards,
Nishank Agrawal
nishank.agrawal@gmail.com
http://nishank.blogspot.com
Joan Crawford - "I, Joan Crawford, I believe in the dollar. Everything I earn, I spend."
hi to all
i was holding scrips in share khan worth 1.2 lakhs when the market came down it came to 50 thousand.
a broker from djs stock and share met me and asked me to sell all the scrips and deposit the same in his company an they would guide me to make up my loss
i did the same ans deposited the amount in djs on April end
after which i received some sms stating some Cr and Dr in my account
when i called the broker he told me to ignore it
i was asking for statement they never gave me i approached the head office then they gave me the statement and i was shocked to see that they have transacted for 5.5 crore in my account and now th balance is rs 157/- they have cheated me 50000
they have done unauthorized transaction
when approached the branch office no response
whom should i complain
will i get my money back
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T.RAMESHKUMAR
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