Fraud activity Is it with one broker alone????

Discussion in 'Investors Grievances' started by rickyric_ny, Feb 16, 2007.

  1. rickyric_ny

    rickyric_ny Member

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    I am a daytrader. just wanted to know did any body come across this Cheat.

    XYZ stock moves nice in a day when I place a "buy" order the stocks does'nt move from that point onwards the stock falls and hits my "Stop loss". I felt india bulls is purposely playing this sort when I place a order. yesterday on a bull market, I traded with index. Index which use 2 move Rs.5 or Rs.10 with 5-10min. was struggling to move upwards came down Rs. -15 and went up beyond my price later (hope my operator could not make...as he gave a short sell call of that XYZ share and his SL triggered:) :) ...).I would like 2 know did any one faced this sort of problem. would like to know all the brokers or operator's or playing like this or only India bulls doing this fraud.

    how could I track this and make a complaint in SEBI. please let me know???.
     
  2. nandu

    nandu Member

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    Ricky,I know Motilal oswal and India Bulls are doing this dont have any idea abt. others.
     
  3. rickyric_ny

    rickyric_ny Member

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    Finally India bulls was caught.But just WARNED by SEBI what a shame!!!.

    http://www.businessstandard.com/common/storypage_c_online.php?leftnm=11&bKeyFlag=IN&autono=24459

    read full article.
     
  4. annamalaitpr

    annamalaitpr New Member

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    friends please trade with prabhudas lilladher pvt ltd,mumbai
    excellent service with guidense since 1944
     
  5. AmritaBasu

    AmritaBasu Member

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    CHEATED WITH FRAUDULENT CONTRACT NOTES SO FAR . I JUST TODAY FOUND OUT NSE's TRADE VERIFICATION FACILITY AND I FIND THAT THE CONTRACT NOTES SO FAR SENT TO ME BY SHAREKHAN OFTEN HAVE FAKE 5 DIGIT TRADE NUMBERS AS OPPOSED To 15 digit numbers given to nse trades. where to go ??
     
  6. redbhukko

    redbhukko New Member

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    dear friends. am an old investor(not trader0 approaching 50-and worried about it! please listen to this angry middle aged man:-

    1. never indulge in day trade unless u are an expert

    2.have a reputed broker lile geojit

    3.listen to all act on your own dont blame others never

    4.believe in the god
     

  7. profullasarma

    profullasarma New Member

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    I agree to the comments of redbhukko.
     
  8. Ani

    Ani New Member

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    Yes I trade with Geojit for the past 3 Years.They are really good. I have faced no problem with them.
     
  9. nandu

    nandu Member

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    Check out there contract notes those buggers will give only 5 or 6 digit trade numbers when you day trade or do margin trading. When enquired they keep mum.:mad::mad::mad::mad:...... Only way to survive is not to sign POA and issue a delivery challan through "Speed-e".
     
  10. as156

    as156 Member

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    Dear Nansu,
    I Think U Missed Some Thing Try To Find Firat Digit , It Normally Common Hence They Are Not Mentioning On The Contract Not ,
    This Type Of Experience I Have Faced , When I Enquired Earlier Then I Found That They Are Correct & We Are Wrong Due To Incomplete Knowledge- Try To Go In Deep U Will Find Answer,
    Thanks
    As156
     
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