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Squaring off Nse derivatives ignoring stop loss option and without any value

Complain ID : CCN022187   27   Complaint's Reply

Stock Market Complaint Complaint Date: August 28, 2016
Modified date: August 29, 2016
  • State :  West Bengal
  • City :  Kolkata
  • Address: 3/3 Sreenagar Garia Po-panchasayar Garia Station Main Road Kolkata-700094.
My client id with angel broking is D53456. On different dates of August 2016 i had purchased NSE derivatives of different reputed companies like Sail, Cipla, Tvs motor, Axis bank, Hdfc bank, Ultracemco, L&tfh, Rcom, Sbin of different target prices with carry forward and stop loss options with expiry date as on 25th August 2016.But it was really a shocking incident which occured at the close hours of target date of 25th August 2016 when the broking agency ignored willfully our stop loss option and squared off the entired derivatives with no value except one incase of Hdfc bank where market value was provided without giving any stop loss value.Due to above irregular motivated activities i have incurred total loss of Rs 50000 brokarages.I like to mention that i had made contacts with Relationship Manager of the company who in turn told me that they are not convinced with my plea.I also like to mention that earlier on 9/8/2016 the same incident happened to me with same modous operandee when i had incurred a loss of Rs 16100 approximately and failed their assurance to revert the same for which i have made you the first complaint and this one is the second complaints of same irregular activities and they have threatened us and advised to complain any where i like .So i am inclined to make a complaint with you.

Pls redress my complaints wherein i have incurred a loss of Rs 60100 approximately for the malicious fraudulent activites of angel broking, they have cunningly ignored my stop loss option in all the derivatives on expiry date.Pls investigate the matter and recover my loss amount.

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    eConsumer Court (Online Upbhokta Forum) take the complaint directly to the escalation team of the company, which has the power to resolve your grievance. We send a well-drafted letter to the company, explaining the details of your complaint along with the inconvenience caused to you. Jago Grahak Jago is specially to help consumers to redress their issues and grievances. We ensure to take quick actions on every complaint filed by the customers. We work hard and tirelessly to resolve the case.