need some help

#1
hi i need some help , a giedenece , my subbroker and otherised persion made loss of 50,000 within two months due to his greedy and negligence nature.miss lead me didnot give proper service. i want to sue him can any one give me the right suggestion what to do
 

d_s_ramesh

Well-Known Member
#2
Very sorry for your losses Mrs. Sivani madam, take responsibility, instead of harsh decisions which lead to further chaos take the reigns in your control. Please find where the problems arose.

What was your grievance, what authority was your sub-broker given to operate on your account? Were you made known of the transactions that happened in your account?

If the account is in our name and trades have been done there, it is assumed that we have with our full knowledge taken the risk on those trades. If otherwise, you had given your money on some written documentation into some pool account(which is not authorized) or if they have given you some document stating some guaranteed returns or way operation and failed on it, may be we can take some action.

Instead, why don't you trade you account yourself? There is nothing more joyful than earning for ourself using our skills and in the processing mastering it. Every paisa earned will be cherished by ourselves because of our efforts in it. Instead of trusting your money with other people, you can trade on your own.

There are various sources through which you can learn to do trading, through this forum you can find some member whom you can take for some advice and leaning, use those thoughts to garnish your skills in the trading arena. You can come out with your own methods, which suit your mindset and risk appetite and once that goes as second nature to you. You will have a successful career in trading or Investing( if you want to be a long term player).

Please write more about the details of the situation, with that we may get some more ideas.

Thank you
D S Ramesh