Is this reasonable or approach sebi

D

durgalove0

Member
#1
#1
i am hold Nifty Nov future short position till expiry when i try to square off friday it showing error on broker web site that exposure not available for client even i have enogh buying power,i tried lot of times i try to square off at 2750 but at last they square off at 3.30 at 2758..Is it reasonable.They agreed the mistake happen due to some techincial pblm at broker side.Iasked to refund the money when isquared off at 2750.but they not ready..shall iapproach sebi?
2.They charge other than a/c maintenance feess charged Market Sell Intra DP on quareterly basis what ever share hold in DP on delivery..And also they charge service tax for both A/c maintence and above .When i purchased it self they charged all why they again charged these all?
 
C

Cactus

Active Member
#2
#2
sEBI is being formed to help either big players or brokers.........not for retail traders.........else brokers like ICICI who 80% times have tech.problems could had shut their offices.:)

however u can try.........

but those idiots (sebi officials) are not going to send even the receipt of your mail.:eek:

solving problem or taking action agst broker is too far.


durgalove0 said:
i am hold Nifty Nov future short position till expiry when i try to square off friday it showing error on broker web site that exposure not available for client even i have enogh buying power,i tried lot of times i try to square off at 2750 but at last they square off at 3.30 at 2758..Is it Reasonable.They agreed the mistake happen due to some techincial pblm at broker side.Iasked to refund the money when isquared off at 2750.but they not ready..shall iapproach sebi?
2.They charge other than a/c maintenance feess charged Market Sell Intra DP on quareterly basis what ever share hold in DP on delivery..And also they charge service tax for both A/c maintence and above .When i purchased it self they charged all why they again charged these all?
Click to expand...
 
R

rserene84

Member
#3
#3
it's your money boss. and you are NOT at fault, because your broker had not enough technical staff to resolve issues on time.

please take your broker to court if they resist.

send a documented complaint to NSDL.SEBI

either sleep idle or HIT Hard


best of luck!
 
R

ratan jain

Guest
#4
#4
rserene84 said:
it's your money boss. and you are NOT at fault, because your broker had not enough technical staff to resolve issues on time.

please take your broker to court if they resist.

send a documented complaint to NSDL.SEBI

either sleep idle or HIT Hard


best of luck!
Click to expand...
Yes Hit Hard!
Spend a few thousand in lawyer fees, take them to court, spend a few weeks trying to screw them, and end up getting screwed yourself.

You might even consider a CBI enquiry, if all fails.
 
A

AW10

Well-Known Member
#5
#5
Before you take any action, do read the small print on the contract that you have signed with your broker. They are running a business.. and I am sure they have clause protecting their interest from such technical issues..

If it is such a big issue for you then why don't you move to another broker. Most of us face similar technical issues with their borkers but we have learnt to live with it.

All the best.
 
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S

subrata_ind

Member
#6
#6
I think ,if you have to do any case then go to consumer forum.We always shy away from taking actions due to bureaucracy in our system and lack of time.You can consult any lawyer and can drag your broker to court.
 
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