Motilal oswal securities limited
Unfair Trade / Loss to Consume

My Customer Trading ID: PROPG57, Client: C.GUNASEKARAN A/c. Ref. No.1201090001163872

I am a businessman based in Pudukkottai, Tamilnadu. I have been trading through Motilal Oswal Securities's Franchise office at SIVAKASI since 2006. At Pudukkottai, I have been interacting and trading through MOSL representative / franchise Mr. RAJARAM (Mobile: 9944980349).

I had shares worth of Rs.80, 000, MOTL's representative has traded in my account without my instruction / knowledge. In this course, my shares were automatically sold to set off against Trading loss / negative balance in my account. This is an unfair trade practice, as customer has signed a document to act on behalf of him, the franchise takes liberty and creates loss to the customer. This i came to know only after the franchise closed his office and ran out of my town.

I have complained to main franchise office at Sivakasi Sub-brokers - Mr. Kannan (9944980344) & Ms. K.Amutha (9944980345) of Professional Investments Corp., Sivakasi, Tamilnadu on this and initially they talked to their representative Mr. RAJARAM to settle my loss / replace my shares in my demat account. Then they are now just postponing and resent days not picking up my phone calls.

I complained to Motilal Oswal Secutires, Grievances email. Initially they responded and gave some time period that my issue will be resolved, now there is no response for my mails. I am not able to contact their Mumbai office nos.

I have lost around Rs.70, 000, due to this fraud committed by a franchise / representative of Motilal Oswal Securities Limited.

Company: Motilal oswal securities limited
Country: India
State: Tamil Nadu
City: Pudukkottai

  <     >