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Check Demat - For Correct Contents

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Old 22nd January 2008, 06:04 PM
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Red face Check Demat - For Correct Contents


I REQUEST the members to check the scrips in the demat account periodically as there is information - that some broking houses are playing with the traders / investors shares.

by having power of attorney they sell your shares without your knowledge and crediting the same at a later date. this is more happening with some broking houses who are not regularly raising invoices and sending periodic statements to the investors/ traders.

beware of fraudulent broking houses.
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Old 22nd January 2008, 09:55 PM
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Default Re: Check Demat - For Correct Contents

mention the names plz. we can start with IB,icici direct( this fellow just shows u r profit and takes away the invested money( the money used to buy shares...).. instead of (profit + invested amt.) this person will display only profit... th other guy never bother all this just sells the shares and takes away everything
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Old 22nd January 2008, 09:57 PM
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Default Re: Check Demat - For Correct Contents

we really appreciate the heads up raghav, can you tell us which broking houses have been suspect to such practices


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