Just asking .... is it safe to have a RM trading on your a/c without your permission ?
I have opened this a/c recently and my RM is continuously doing intra day without my permission. I told him on friday not to do so but he has done it again.
Today, four lots of ITC were bought and sold for 30 paisa profit. Whatever profit is there in 30 paisa will mostly go into paying brokerage. Since he is not making a loss for me I cannot say anything but one wrong trade and things can go out of control.
I was mostly with Icici before this, and never had such a experience , just wanted to know if whatever this chap is doing is it a common practice among brokers ?
