Hi ,

I have Dmat Trading account with this company.It was November 2009 when i found that some unethical trading happened from my account ie company did not informed me and used my money in the market and lost around 25000 Rs.I fought with them on this.They assured me that it happened due to his RM 's mistake and they will pay me this money.I have email also from thr end stating that they will refund me the money on 10th January.Its been two months now,now this company is saying i will not be able to pay the money as they do not have proof.

WHAT SHOULD I DO NOW???PLEASE HELP.Should i lounge FIR against them?

Hi ,

I have opened my dmat account with this organization .All other companies like India bulls ,Unitech atlaest start alerting customer 5 days before the day of deducting the shares.I did not get any communication from the RM or from this company.NO MAILS NO MESSAGES.
On 5th sep my RM calls up at around 12.35 pm and says i will cut all the stock by 1.00pm .I said ,since you are informing me at 11th hr,and i am not even in the office,i can not transfer the money.
Without informing me they cut most of my share on a very low rate.they did not even inform at what rate they did it.
Next day i transferred some 15 thousand rupees in my SMC account so that i can retain rest of them,but due to my RM's mistake..he had given me wrong IFSC code,it got transferred in ICIC dariyaganj branch instead of ICIC CP branch.
On 7th they did not received the money,due to this and told me that i have transferred the money in wrong branch.
Now SMC said ,now you have to follow up on this with bank and get this matter cleared.
I wasted all my time in revolving around Citi and ICICI bank.then on 16th i got to know that on 8th it had already transferred in SMC account and no one from backend inform me about this.

SMC deducted rest of my shares on a very low price.

What action should i take against this company now?

Hi , I have Dmat Trading account with this company.It was Dec 2009 when i found that some unethical trading happened from my account ie ...without my knowlg How has rspnsibal my a/c u & ur compny, ur cmpny was trad only brokrg, loss of my a/c was 5 to 8 lac ho was paid...

I bring to notice you that Mr. Hitesh Chauhan who is SMC's employee (Fort branch ) came to me through my friend for the investment in share through SMC, He had convinced me to invest a money in share, as i told him that i don't know about share how to sale and purchase, He said “SMC authorized us to trade in client DP trading account”.
He said "I will use your DP Trading account" only you will have to open the DP account with SMC. This account I will use for invest in share whatever the profit we will be get from share that you will get. When I asked him that "Is it legal if you are using my DP account?" He said Yes that SMC will be aware about this.

He was using my DP trading account. He had committed me if you will not get profit then at least you will not loose your actual invested money and you can withdrawn your money at any moment but once you intimate us to close the account or withdrawn a money you will get your money within a week .

I told him to close the my DP trading more than one month before as well DP account even though he had done the trading in DP account and i lost my invested money. Mr.Hitesh intentionally done the fraud by invested in shares of Rs 400,000 on credit against the money of Rs 42000 by my name without my acknowledge. When i was ask him to close account that time it was showing in the profit, since I told him to close the account and given him signed DP closure form also even though Hitesh trades in share on credit and I lost all Rs.30000 in share. Mr Hitesh earned heavy commission on sale /purchase of share of Rs 400000/400000.

I had complained same in SMC but they were not given any help and mail me that we will find it out issue.

I got the call from Hitesh to close the matter i will give your money within a month by any how and he had pressurised me serveral ways. then i got the call from branch Head of fort branch and he said whatever the confusion with hitesh "is it clear now" I said he is ready to give my money within a month and right now i do not want to take action against him". I came to know later on they were recorded my conversation and closed this matter. Till now i got only Rs 3000 from Hitesh, remaining amount is not giving me. SMC will not helping me for the same to settle of my lost amount and SMC do not want take against Hitesh regarding this issue.

Later on I find out that Mr Anil (Branch Head of fort branch) and my friend also involved in this fraud.

ANy body can help me for this please please you can mail me "sandym95@gmail.com"