Unicon
Broker Invested my money in Stock Loss without giving any information

I opened a Trading account with UNICON with Rs 30, 000 when Sharemarket was

on its high. I purchased some shares of Parsvnath and RPL.

When Market was crashed, this value come down to Rs 6000 to 7000. Few

months back, I requested my Relationship Manager to advise how to recover my principle amount from this point. He suggested me that he

would purchase some shares on behalf of me and I only need to give the

confirmation to Unicon. I agreed and started giving confirmation for all

the transactions made by My relationship Manager.

Upto this point, I have no problem.

After few days, these confirmation calls were stopped. I thought that I

have recovered from my big loss.

Then, I tried to contact my relationship manager, but he never picked up my

phone.

Then I called to Unicon office to confirm, he told me that there is Zero

share balance showing in my trading account.

I was shocked and continuously tried to contact to my RM, But always got the same answer that He is out of office.

Fortunately, One day he picked my phone unknowingly and he had to explain

me that he invested my money in Stock Loss kind of thing and lost my money.

I still don't know what is Stock Loss, but I am sure this is a kind of

betting or gambling.

I only allowed him to purchase shares on behalf of me, and never allowed

him to gamble with my money.

Now, the current situation is I have lost my 29000 out of 30000.

I just want to trasfer my shares to my account before the game of Stock

Loss was palyed by your Relationship Manage

Company: Unicon
Country: India

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