Complain against Broker Company

#1
Dear Sir/Madam,

I have a Demat Account with FairWealth Securities Ltd.

I have opened the Demat Account in the year 2010-11 and purchased shares in 2010-11. Later, I have stopped as an active trader. Till date the shares have not been transferred to my Account.

After approaching several times to Head Office in Gurgaon and Branch Office in Hyderabad, I did not received any response them. They are not providing me any financial details of my DEMAT Account.

I have registered complain against the stock broker in BSE and SEBI. But i have received much help.

Can you please let me know, the actions I need to take in order to get back my purchased shares?

Can you please let me know from where can I get my CDSL Account financial details?

They are asking for AMC. But I heard if the DEMAT Account is not active the company cannot charge AMC.

Can you please let me know which Law Sections I can use to convey my message to them.

Please let me know, how to approach for legal actions.


Thanks for your support in advance.

Thanks & Regards
 

bunny

Well-Known Member
#2
Re: Complain against Borker Company

First, are you "very" sure that your broker has indeed opened the demat account and was not using your money to trading his account? did you insist that your broker you the acknoedledgement of your KYC being registered with the DP? Has he sent you any document such as holding statement, welcome letter, etc. indicating the demat account has indeed been opened in your name?
 

bunny

Well-Known Member
#5
Re: Complain against Borker Company

Dear bcompgdm, please do not waste your and add to your frustration by posting your complaints on silly websites. Go only through official channels that are endorsed by the regulators.
 
#6
Re: Complain against Borker Company

thanks for your response. They have opened my DEMAT Account and CDSL Account. After one month struggle they have provided my CDSL Account and Specific Customer Account.

Can you please let me know, how to get the details of CDSL Account?

Can you please let me know, the actions I need to take in order to get back my purchased shares?

Can you please let me know from where can I get my CDSL Account financial details?

They are asking for AMC. But I heard if the DEMAT Account is not active the company cannot charge AMC.

Can you please let me know which Law Sections I can use to convey my message to them.

Please let me know, how to approach for legal actions.
 

Relish

Well-Known Member
#8
Dear Sir/Madam,

I have a Demat Account with FairWealth Securities Ltd.

I have opened the Demat Account in the year 2010-11 and purchased shares in 2010-11. Later, I have stopped as an active trader. Till date the shares have not been transferred to my Account.

After approaching several times to Head Office in Gurgaon and Branch Office in Hyderabad, I did not received any response them. They are not providing me any financial details of my DEMAT Account.

I have registered complain against the stock broker in BSE and SEBI. But i have received much help.

Can you please let me know, the actions I need to take in order to get back my purchased shares?

Can you please let me know from where can I get my CDSL Account financial details?

They are asking for AMC. But I heard if the DEMAT Account is not active the company cannot charge AMC.

Can you please let me know which Law Sections I can use to convey my message to them.

Please let me know, how to approach for legal actions.


Thanks for your support in advance.

Thanks & Regards
May you get some idea from this thread: http://www.traderji.com/introductions/88109-pls-give-assisstance.html
 

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