My Indiabulls Trading A/c details are as below-
My Indiabulls Trading ID - 581543
RM Trading ID C581543 / Suman Ramnaresh Yadav ([email protected]
I was suppose to write this email / letter to concern legal forum, but i think to take your view on below issue...
Around 5-6 Months before, I started Trading through Indiabulls. My RM details i already given above.
She explained me that you can get 2000-3000 Rs benefits a day easily. She always use stop loss breaker, that's why loss is never happen.
I want to start trading with 5000 Rs as i informed to RM also. I was new to market, so i told her to handle my account also with my suggestion. She insist me to put slightly more money then only she can handle my account. Finally we agreed that if i put 20,000 Rs then she can handle my account also. However arranging 20,000 Rs was slightly difficult for me, but i managed.
After one day, she requested again & again that if i put 50,000 Rs in account, her target will be completed. But i told her that its not possible for me. She assured me that she will not use additional 30,000 Rs and will revert into my account in few days. She again told me that she never trade without applying stop loss. In evening she again called me and request to put 50,000 Rs to complete her target and give assurance to keep that extra money safe.
On her assurance, I borrowed 30,000 Rs from friend and put into indiabulls trading account and told her that i have to return this extra money next week, so keep this money safe, i am putting this money to complete your target only and she also accept.
On second day, she got loss approx 40,000 Rs in a day. I talked her that how it is possible with using stop loss. Then she told that she didnt use stop loss. But she told that trust on her, she will recover my money in next 1-2 weeks. I again repeat that kindly use stop loss and loss should not be more that 500 Rs a day.
In next 7-10 days, she lossed my all 50,000 Rs. without using stop loss.
She requested me that give a chance more, she will recover my money in a month. On her commitment, i again arrange 10,000 Rs and put into trading account. But again, within some days, she loosed all amount. She again not use proper stop loss. I asked her that how it is possible that you loosed even after Indiabulls research team study.
I rarely seen profit in my account, every day loss. Then she told me that share market was not good to invest, that's why you got loss. However, in those days, my friends earned good profit.
After few days, she told me that now, market is going extremely good. Every calls are giving profit easily 3000-4000 Rs. Kindly invest money these days, i will surely recover your all losses within a month. She requested to trust me last time. On her commitment i again arrange 10,000 Rs and put into trading account. But withing 4-5 days, she again loss my money, even market was performing extremely good as per her information.
I am considering this whole issue as a false commitment, personal benefits, providing fake information, not following proper client instructions.....ultimately all comes under fraud with customer.
My total loss is 70,000 Rs. In this, i considered my loss is only 20,000 Rs, remaining 50,000 Rs, i lost due to misguidance of Indiabulls RM.
I expect that you will take this as a serious issue and revert with my loss within one week.
If issue is not resolve from Indiabulls management, After that i will take this issue on Legal Forum and social media.