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| Discuss Angel broking sold more than what i have at the Investors Grieviences within the Traderji.com - Discussion forum for Stocks Commodities & Forex; dear all members i really need a help I have an online account with angel ... |
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| Investors Grieviences Discuss your personal grieviences and frustrations with stock market intermediatories like brokers, registrars, bankers, etc. |
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#1
17th October 2009, 03:29 AM
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Angel broking sold more than what i have
dear all members i really need a help I have an online account with angel broking pvt. ltd. Prince Anwar shah Road branch Kolkata. My DP ID is (CDSL ********) / trading client id: KLPA***, using angel pda and angel diet as trading platform. From few days I am having debit balance. That’s why Mr Rajesh (R.M) of this branch used to sell my holding from his terminal with or without my concern. Once he sold 200 shares of TATASTEEL trading date 12/10/09 without my concern, I informed to their branches but no action had taken till now. And that can be verify by phone conversation recording. I am not getting any proper response from there Kolkata branches, (guys are very rude in behavior to most of the online clients becoz don’t have to face them) Yesterday on 16th Sep 2009 like every day he was selling my holding from his terminal. The problem arise here ,when I have 100 shares of 3I INFOTECH LTD, But he sold 200 shares from his terminal under my client id. I am making huge loss by short auction. I am attaching the contact note along with this mail. When I called up Mr Rajesh for clarification he completely denied the fact he did it. i already send mail with attach contact notes to sebi@sebi.gov.in, sebiero@sebi.gov.in ignse@nse.co.in feedback@angeltrade.com pls suggest me and guide me regards kirtibas 
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| The Following User Says Thank You to kirtibas For This Useful Post: | ||
math (20th October 2009) | ||
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#2
17th October 2009, 03:40 AM
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Re: Angel broking sold more than what i have
i want to know which category/ type to select for this kind of grievance
http://www.sebi.gov.in/Complaint.html Type-I Refund Order/ Allotment Advise. Type-II Non-receipt of dividend. Type-III Non-receipt of share certificates after transfer. Type-IV Debentures. Type-V Non-receipt of letter of offer for rights issue. Type-VI Collective Investment Schemes Type-VII Mutual Funds/ Venture Capital Funds/ Foreign Venture Capital Investors/ Foreign Institutional Investors/ Portfolio Managers, Custodians Type-VIII Brokers/ Securities Lending Intermediaries/ Merchant Bankers/ Registrars and Transfer Agents/ Debenture Trustees/ Bankers to Issue/ Underwriters/ Credit Rating Agencies/ Depository Participants Type-IX Securities Exchanges/ Clearing and Settlement Organizations/ Depositories Type-X Derivative Trading Type-XI Corporate Governance/ Corporate Restructuring/ Substantial Acquisition and Takeovers/ Buyback / Delisting / Compliance With Listing Conditions
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#3
17th October 2009, 05:06 AM
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Re: Angel broking sold more than what i have
Type-VIII Brokers/ Securities Lending Intermediaries/ Merchant Bankers/ Registrars and Transfer Agents/ Debenture Trustees/ Bankers to Issue/ Underwriters/ Credit Rating Agencies/ Depository Participants
SavantGarde Quote:
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#4
17th October 2009, 01:43 PM
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Re: Angel broking sold more than what i have
thank u very much sir,
sir i want to know what are the documents / proofs i have to produce to establish my complain, against such activity. can ip address used for verification? thanks kirtibas
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| The Following User Says Thank You to kirtibas For This Useful Post: | ||
SavantGarde (17th October 2009) | ||
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#5
17th October 2009, 02:36 PM
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Re: Angel broking sold more than what i have
Well, I just could not stop myself and called my broker.
This is what he told me : Its a win-win situation. Tell the RM to prove that you told him to sell the scrips. They should have a phone recording of the order you have placed over phone else its illegal and the RM and/or his company is liable. Also, the 100 shares of a particular scrip being sold etc is never done in case of debit balance. It is always position sizing i.e. if you have 100 TISCO, 200 UCO Bank, 25 Telco, 10 Infy etc THEN part holdings of EACH scrip will be sold by the SYTEM through AUTOMATIC TRADE/ORDER on the server and NOT PHYSICALLY BY RM. ALSO you can go to the branch and speak to the Branch Manager AND RECORD THE CONVERSATION TOO.(which may or may not help as such) Also more details are required. Have you signed a copy of the C/N given to you by the broker as acceptance? Have u gotten the C/N within 24hrs of the EOD of trade?
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| The Following User Says Thank You to MurAtt For This Useful Post: | ||
kirtibas (17th October 2009) | ||
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#6
17th October 2009, 02:45 PM
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Re: Angel broking sold more than what i have
Just one more thing .... (Better to be safe than to be sorry i.e.)
Be a little prudent and do not jump into it as I have said it. Get another opinion (from a friend or a fr of a friend etc) and then do the needful coz if something goes wrong i.e. I am mis-informed then you will be more on backfoot than u already are ... Just a precaution ... 
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| The Following User Says Thank You to MurAtt For This Useful Post: | ||
kirtibas (17th October 2009) | ||
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#7
17th October 2009, 02:57 PM
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Re: Angel broking sold more than what i have
thanks u very much.
i got c/n @ y'day nite (not signed) its attachment via e-mail phone conversation is one good prove, how to show that RM of this branch modify my bids physically from his terminal? how he sold 200 shares since i had only 100 shares in my holding? funny thing about this prince anwasha rd. branch- branch manages is very new may be 15days -1month. that RM acting like branch manager (bcoz he thinks new branch manager dont know anything about capital mkt since he's from insurance background) i already talk to md masud alam (branch manager) he try to convince me. but RM (Rajesh Chakroborty) hes behavior is very very rude last nite when i called up he used 1 slang also. so i want to raise my voice against him to topmost lavel thanks and regards kirtibas
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| The Following User Says Thank You to kirtibas For This Useful Post: | ||
MurAtt (17th October 2009) | ||
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#8
17th October 2009, 03:27 PM
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Re: Angel broking sold more than what i have
What about complaining to Angel broking main office , did they replied ?
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#9
17th October 2009, 03:34 PM
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Re: Angel broking sold more than what i have
I have an account with angel broking in pune.I'll speak to the RM and find out if you can do anything about the situation in which you are in. And if your RM is acting smart and using abusive language then give it back to him in his face. Don't take sh** from such manipulative people.
Cheers
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#10
17th October 2009, 04:41 PM
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Re: Angel broking sold more than what i have
Hi Kirtibas,
a) Burden Of Proving That You Gave The Sell Order Is Brokers. b) Even Incase Of Debit Balance, One Has To Be Informed 2 Days Before Incase Of Selling RMS Because Of Debit. So All The Proving Has To Be Done By The Broker Not You. Looks Like Brokers System Of RMS Is Not As Per SEBI Guidelines Or Else Short Sell Wouldn't Have Happened. If They Are Abusive In Their Communication, I Suggest You Recod It...Next Time. Happy & Safer Investing SavantGarde Quote:
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