Angel broking
Fraudulent practices

I would like to bring to your notice that I was misguided by Angel Broking's RM, Gaurav alongwith BM Anil.

I am around 65 yrs and do not know anything about F&O. The same very clearly mentioned to Anil. Still I was advised to start trading in F&O and was told profit/ loss can be around Rs. 20000-25000/-. I told him that if you want to play, do the same within these limits.

Post this they have been taking positions themselves without informing me the exposure they have taken. To mention, they took an exposure of 21 lakhs. The money kept as my savings for my use for any emergency was taken for a ride.

On tuesday, they came to visit me and my daughter asked them to square off the positions, but the same was not done. Followup was done on Wednesday evening but no response.

The matter was escalated at Regional office where secratary of Mr Manoj Johnson took details. Post that Mr Rahul Jain, CH called at 9.00 PM in night and mentioned that all complaince have been taken care off at our end. So even if Anil and Gaurav have done mistake, you have to bear loss. We cannot do anything.

If this is what can happen with me, can happen with all.

RM's are given such high targets that investors like me are being fooled around.

Company: Angel broking
Country: India
State: Delhi

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