fraudulant trades seen in my terminal--solutions pls

mojac · #1 31st March 2006, 11:55 PM

dear traderji,
I have a diet odin terminal at home.
I am an active trader in futures till Dec5,2005.
After Dec5,2006 I could not login to my terminal because of password problems. on Dec7,2006 evening it got solved & when I logged in,i saw
huge qty of Tisco 460PA sold in my account(Pls note that the spot price of tisco at that time was rs350/-)
These 460 PA were sold for mere 10ps,55ps & Rs 33.10.
Total put options sold were 49 lots.
I had a margin of Rs288424/-
i got the Ip addresses from my broker's server.
My IP starts from 220.226 & the IP logged in at the time of these trades were different,ie starting from 220.224.
This IP is found out to be from Mumbai.
Even though my broker know this ,they simply doesn't give back my ledger balance of Rs288424.They have blocked my money & account.
For the last 4 months I havent able to trade.
I have given complaint to NSE,SEBI etc but nobody responded positively.
I dont know what to do now. Pls advise me so that I can get my margin money back.
I also want to know how many options can be sold with a margin of 288424.
Pls guide me .I want a solution .Urgent.

mojac

alokdaga · #2 1st April 2006, 12:04 AM

Write to press and cnbc (www.moneycontrol.com) it might help

investock · #3 1st April 2006, 09:33 AM

Who is your broker?

mojac · #4 1st April 2006, 11:00 AM

dear investock,
This is one of the leading brokerages in India.I will surely tell u,if nothing works.Im waiting for further clarifications from NSE & SEBI.
NSE responded by saying they have asked the broker for explanation.I got the letter form NSE.
But as far as SEBI is concerned,I havent received any reply from till now
eventhough its 3weeks after my complaint to them.

regrds

aca_trader · #5 1st April 2006, 02:22 PM

Quote:

Originally Posted by mojac

dear investock,
This is one of the leading brokerages in India.I will surely tell u,if nothing works.Im waiting for further clarifications from NSE & SEBI.
NSE responded by saying they have asked the broker for explanation.I got the letter form NSE.
But as far as SEBI is concerned,I havent received any reply from till now
eventhough its 3weeks after my complaint to them.

regrds

Please send an application to SEBI under the Right to Infomartion (RTI) Act as to why no action has been taken so far. They are bound to provide this kind of information.

Best Regards,

mojac · #6 1st April 2006, 08:38 PM

hi,
Is there any separate address for Investor Grievances to SEBI?
Pls provide all addresses of SEBI,if possible.

regards

aca_trader · #7 1st April 2006, 11:00 PM

Quote:

Originally Posted by mojac

hi,
Is there any separate address for Investor Grievances to SEBI?
Pls provide all addresses of SEBI,if possible.

regards

Sorry, I don't have the address. However, please visit www.sebi.gov.in
It'll be helpful.

Best Regards,

mojac · #8 3rd April 2006, 10:07 PM

Hi,
Pls give the correct Investor Grievances Address of SEBI.
Anybody.

thanks

pkjha30 · #9 3rd April 2006, 11:59 PM

Quote:

Originally Posted by mojac

Hi,
Pls give the correct Investor Grievances Address of SEBI.
Anybody.

thanks

Hi
See if these links help you
http://www.sebi.gov.in/Index.jsp?con...&sub_sec_id=35

http://www.sebi.gov.in/Complaint.html

http://investor.sebi.gov.in/complain...ge%20index.htm

http://investor.sebi.gov.in/addresse...bi_offices.htm
Hope this helps you.

Pankaj

itsfairdeal · #10 17th April 2006, 08:46 PM

Hi, one option sell should cost about Rs 50,000/- so there should not have been more than 5-6 contract.
Secondly, had you got the contract notes for the same? If yes, had you raised the issue at that time with the broker.
Is your account is a funding account? Have you signed for getting your account funded by way of funding/ loan etc?
How much loss you incurred in this transaction?

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