Unauthorized Without Consent Trade Transaction(F&O) in BMA Wealth Noida

Friends..Just now got a call from NSE. They said that they have planned a con-call tomorrow between me and broker to tryout a solution.

Any one have idea what usually happens in such type of con-call. What are the things to remember during con call.

I do not have voice recording. I have post paid mobile itemized bill showing call logs date and time only.

One more thing friends...what is the role of NSE here. Is it a kind of Judge in court. Where both parties submit evidence, it decide what is right or wrong. The two main complaints are

1) Trading instruction originated at BMA terminal without my written/verbal approval and with out any account margin (balance was only 1478. without any information or permission they them self increased limit due to collateral and traded total 514 nifty lot)

2) Excess brokerage charged (from Rs 40/lot to Rs 100/Lot).

I have attached below margin statement and old contract note (40 Rs/lot) and latest contract note (100 Rs/lot).

can anyone pls guide me as these two documents are enough to justify my case or i need more evidence ?

Dont know what happens in con-call.

But make one strategy, before confirming, agreeing to anything insist on playing recorded conversation between you and RM happened at that time. On hearing conversation you may recall few things, and always insist that you have never given them permission to trade in your account. Also if you think that recording is edited or tempered then simply tell them you are also recording this conversation and make broker as well as NSE party in fraudulent court case.

All the Best

hi, I agree with monkeybusiness ji in this regard.
to execute the above trades,- call records must be like this:
Broker- sir,intraday ke liye nifty 8500 me buy call hai.
U - acha, kharid lo
broker- ok sir, kitna lot lena hai?
U- 2000 nifty buy karo,
broker- sir, 2000 ke liye margin kum hai,RMS se limit badhana padega.
u = ok,
broker- sir limit mil gaya hai, rs9.60 me order execute ho gaya.
u- thank u

same sequence should be there while selling also.
So if possible try to look for this in the call record,
thanks &

I can recall the conversation that day as much as i can.

2.30 pm Broker called: sir apka account men trading nahi hoti hai, aap trade kiya karo
Me: men trading karta hun beech beech men. mere dmat 5-6 stocks hain
Broker: sir,intraday ke liye nifty 8500 me buy call hai. 9 rs rate chal raha hai. ( he mentioned 100 quantity ).

Me (my brain flashed 1500 rs free balance, then 9x100= 900 rs)

I was travelling with two officer on mumbai puna highway. I couldn't even get a chance to understand what he said. After that no call till 3.30 pm.

Dats all guys.after broker keep on multiple times buying and selling 600 lots till 3.30.

I m 100% sure...there was not a single word about "margin short hai ya limit increase karna hoga"

Friends...what is NSE SEBI rule number which mandate broker to take client permission before placing any buying and selling order. Also pls suggest NSE/SEBI rule number which instruct broker to take approval to increase margin limit against collateral securities.

Other broker like SAS have online application system to increase margin limit aganist collateral securities.