Regd: Forum to combat frauds of india infoline - legal assistance - support provided

[brian nathaniel soans]

FORUM OF INVESTORS : WHO HAVE SUFFERED FROM FRAUDS BY
INDIA INFOLINE.
INTRODUCTION: AS MANY INVESTORS ARE AWARE - INDIA INFOLINE IS REPUTED TRADING HOUSE
WHO CHEAT INVESTORS BY INSIDER TRADING.
FRAUDS IN KYC - BRIBING NSE, SEBI AND BSE ARE COMMAN PRACTISES FOLLOWED BY THE CHAIRMAN AND DIRECTORS OF INDIAINFOLINE.
INDIA INFOLINE CHEATS THE INVESTORS AND DEMAT HOLDERS TO HUGE SUMS BY TRADING WITHOUT CONSENT. THEN THEY USE A PART OF THE INCOME GENERATED SO TO BRIBE THE NSE, BSE AND GOVT.MACHINERY LIKE SEBI.
WHEN THE CLIENT COMPLAINS TO THE NSE OR BSE OR SEBI EACH OF THEM PASS ON THE RESPONSIBILITY TO OTHERS.
THERE ARE 487 CASES OF FRAUDS DONE BY IIFL IN NSE. AS THE EMPLOYEES OF NSE ARE INVOLVED IN MALPRACTISES WITH IIFL ., WHICH IS UNDERSTOOD NO COMPLAINANAT HAS BEEN ABLE TO GET JUSTICE.

ALL INVESTORS WHO HAVE BEEN CHEATD BY INDIA INFOLINE ARE HEREBY CALLED UPON TO JOIN US TO FIGHT AND CLOSE DOWN INDIAINFOLINE.
THIS IS A SOCIAL EVIL AND WE NEED TO FIGHT AND ERADICATE IIFL.
INDIA INFOLINE ALL OVER INDIA NEEDS TO BE CLOSED DOWN AND NOTHING LESS.
FRAUDS LIKE NIRMAL JAIN, VENKATRAMAN ARE FRAUDS WHO BUILD AND CREATE RECORDS OF ACCOUNTS AND ARE WISE TO EPLOY STAFF WHO ROB AND EARN COMMISSION TO INDIA INFOLINE AT THE COST OF A POOR INVESTOR. ON THE OTHER HAND NSE, BSE AND SEBI WHO HAVE TO PROTECT THE INVESTORS ARE PLAYING HANDINGLOVE AS SOME OF THEIR EMPLOYEES ARE PAID SERVANTS OF INDIA INFOLINE.


PLEASE JOIN FRAUD CONTROL FORUM OF INDIA- AGAINST INDIA INFOLINE
CALL: DR.B.N.SOANS : 09245201687






TRADELEGAL INDIA Ltd.
TRADE LEGAL LTD, is a CORPORATE LEGAL BODY
SPECIALISED IN RESOLVING ONLINE TRADE DISPUTES.
Part -1 : Online Trading - offline trading - trading
malpractises by Trading Houses in India. Sad
but unfortunately true
Being paid servants of trading houses : The
bodies like NSE, BSE, Sebi fail to entertain a investors
grevaince . These bodies just make investors run from pillar
to post and the investor ends up desperate in their search for justice.
The investor due to lack of education in the field
of Trading regulations are unable to address his/her cases
and due to corruption in the system fails to get timely justice.
TRADELEGAL INDIA , trains ,equipps the investor
with legal know how to combat such crimes.addresses - adjudicates ,
persues and works for the investor to attain resolution.
The cases such as these are fought by TradeLegal at the highest
places and persued at al levels.
Part - 2 : Present online business, Payments done online
thru credit/debit cards have given rise to cyber related crimes.
Wrong debits or wrongfull billing by banks,credit card companies
are comman. TradeLegal Addresses and works to resolve
the same with your bankers.
When the banking omdusman fails to address a bank account
holders greviance with the consumer- TradeLegal is here to help you.
Part - 3 :Companies offer products with discounts and once
the payment is recieved by the client online at times the products
supplied are unsatisfactory. This is classified as difficiency in service
and TradeLegal addresses and persues such cases.

Contact : DR. B.N.Soans for LEGAL GUIDANCE AND ASSISTANCE
CALL: 09245201687

[abhinav]

pl. let me know why we cant file criminal complaint for cheating , fraud e.t.c

[alliedlawinindia]

we can file criminal complaint. we wish you can join us - call: 09245201687

INDIA INFOLINE IS INDIAS BIGGEST FRAUD BROKERAGE COMPANY

BIGGER FRAUDSTERS THAN EVEN HARSHAD MEHTA, KETAN PAREKH IS
INDIAS NO.1 FRAUDSTER

NIRMAL JAIN of IIFL

[NARESH KUMAR GUPTA]

I want to know about this case fully. Kindly give me favour

Sebi issues show-cause notice to India Infoline
Regulator alleges violations including unauthorized trades; brokerage says seeking consent settlement
Yyas Mohan
Mumbai: India’s stock market regulator has issued a show-cause notice to one of the country’s largest listed broking firms, India Infoline Ltd (IIFL), for alleged violation of certain norms.
[IMG]file:///C:/DOCUME~1/Rajeev/LOCALS~1/Temp/msohtml1/01/clip_image001.jpg[/IMG]The notice issued by the Securities and Exchange Board of India (Sebi) after an enquiry, asks IIFL why a “higher penalty”, including suspension of certificate of registration for a specified period or even cancellation of certificate of registration, should not be imposed on it.
Ahead of this, the investigating officer of Sebi had issued a warning to the firm.
A show-cause notice is not an indictment but requires the firm named to present its side of the story within a stipulated timeframe, normally three weeks.
According to the Sebi notice, the enquiry report has established alleged violations, including non-delivery of contract notes to clients, unauthorized trades, non-maintenance of records of receipts at offices, among others.
Other violations, according to the notice, include not displaying order details in the contract note to clients and also delaying inspection data or providing incomplete data to Sebi’s inspection team.
An email sent to Sebi seeking comments did not elicit any response.
“The enquiry officer had noted the corrective measures taken by us on all the referred observations and concluded by recommending issue of a warning,” IIFL said in an e-mailed response.
The brokerage said the show- cause notice was related to a “regular Sebi inspection” on its broking operations which was conducted during April 2007 to June 2009.
“...discrepancies in trading account opening forms are of serious in nature. As per the enquiry report you have put system in place to ensure proper compliance of know your client (KYC) norms from April 2008. However, the stock brokers are required to comply with the KYC requirements with effect from August 26, 2004, as per Sebi circular,” the notice said.
IIFL said it is seeking a consent settlement and is in the process of submitting detailed replies to Sebi along with submission of corrective actions and strengthening of systems and processes implemented by it so far.
“…with a view to avoid long proceedings with Sebi and to conclude the matter amicably without admission of guilt, preferred consent process in this matter before Sebi,” the brokerage said.
The consent procedure is a kind of out-of-court settlement between the regulator and a company without any admission or denial of guilt. It involves the company paying a fee, and in some cases, agreeing to restrict some business activities.
The system has invited criticism from some quarters as retail investors’ interests are involved in many cases where the magnitude of offence often dwarfs the terms of the consent settlement.
“The process should be made more transparent because though the consent terms need to be cleared by three committees in Sebi internally, it is an opaque process. Further, some guidelines may be laid down that prescribe minimum and maximum penalties in each cases,” said Joby Mathew, a securities market lawyer.
Some of the consent orders passed by Sebi in recent times that involved retail investor interests include the matters of Reliance Securities Ltd and Edelweiss Capital Ltd.
In Reliance Securities’ case, Sebi found irregularities such as the brokerage charging excess securities transaction tax to clients and lack of information of various charges at the time of registering clients, among others.
Sebi settled the case through a fee of Rs 25 lakh and another Rs 1 crore to be spent by the company on investor education and awareness. The brokerage also agreed to stop registering new clients for 45 days from the date of issuing the consent order.
In the Edelweiss case, Sebi found that the entity had not sought independent professional advice in verifying records in some instances, and did not provide correct information in the draft red herring prospectus of clients, among others. The regulator settled the case for Rs 15 lakh.
“But for the consent system, there would be endless appeals. However, it is desirable that the system has more disclosures,” said Sandeep Parekh, founder, Finsec Law Advisors. He was also a part of the Sebi team which drafted consent order mechanism.
Sebi is in the process of reviewing the procedures of consent orders by making it transparent and uniform for all cases.
Copyright © 2007 HT Media All Rights Reserved

[alliedlawinindia]

Dear Friend,

it is great to know that IIFL has been penalised. The question states: as to why SEBI shouldnt impose such penalisations like cancelling IIFL license to trade.


But IIFL though deserves to be closed - will SEBI seriously act upon the penalisation.


It must be noted: one sunil who used to work as internal audits department at SEBI had left SEBI and joined as accountant /legal team of IIFL.

This guy is so instrumental in convincing bodies- wrong as right and even is a danger to SEBI.

india infoline frauds are running to 1000's of crores in many aspects.They cheat public by physing on their demat accounts.

2nd: they cheat government exchequer by collecting tax on trading- much excess than what SEBI HAS STATED.

IN YEAR 2010-2011 INDIA INFOLINE CHEATED the Government exchequer to the tune of 70 crores.

India INFOLINE was started in 1995. Just imagine the amount amassed by NIRMAL JAIN, RAJMANI VENKATRAMAN and other directors have cheated in India.

Now IIFL is cheating in srilanka, singapore and other nations where they have deviated their fraudulant practises.


we the FORUM : who have been victims of INDIA INFOLINE FRAUDS plead to the authorities at SEBI TO ACT UPON : WINDING UP IIFL and distribute their illegally amassed wealth to all those victims of IIFL Frauds.

the INDIAN MEDIA now should wake up to expose frauds in the INDIAN STOCK MARKET with full support of NSE and INDIA INFOLINE.

FOR DETAILS OF FRAUDS AND PROOFS TO PROVE ALL OUR CLAIMS WRITE TO:


alliedlawindia@yahoo.com

[nareshgoyal]

hi friends

this is naresh goyal. this is a fake complaint.i have suffered in hands of IIFL and have faught them. any person who is fighting against IIFL is defamed in this manner .i think you are a employee of IIFL who is trying to jepordise our cause.

this is a fake poster who has become a member only today and trying to post ill about others. jobless character

[nareshgoyal]

mr.soans is fighting against IIFL for all of us and that too for free. he hasnt charged us anything so where does the matter of any cheating arise .

whoever you are please stop posting baseless accusations on innocent people.

mr.soans, ashish mitra and many people are here with us fighting for a cause. these people dont charge any money.they fight for us free of cost. So what cost are you talking about.
we know where they stay, we have seen these people in person.
are they criminals like you IIFL fellows that they need to be interogated with their photos.
we will ask mr.soans and mr.mitra and many others in our team to post their photos like its done in jails ., all of us from forum to add their photos here then.it will be great for you guys to know who these guys youve cheated in IIFL are who are fighting against your fraud company IIFL.

sorry pal .., what youve posted as being an employee of IIFL ., we collectively advice you not to stoop down BY placing FALSE POSTS

we are not idoits or fools to believe your charsobesi. dont you guys have better jobs to do by rectifying your wrong ways

guys if you are also victims of IIFL frauds write to me ., i will tell you how big IIFL crooks are

goyalnaresh14@yahoo.com

[janaki rajkumar]

ya. thus is all bull crap and a personal target to character assasinate b.n.soans and his business.

i will tell you my experience. i had given b.n.soans my case. i had paid him his legal service charges of 3,600 plus and in 3 weeks my work was done.

i did wait for 3 weeks but the end result my work was done. even the barclays bank where i had taken loan and was being harrassed sent police constables to my house on sunday and i was worried. i called mr.soans on sunday at 2pm noon time. still this man took the phone and within an hour he called the higher ups in the police and got the harrassment stopped.
i dont know why some guys put posts like this. for me the fact is B.N.Soans has been a great savior. he is a very good person and an efficient lawyer

[neeta reddy]

hi public

we dont know who is harikrishna and why is he posting at some one who he states he doesnt know at all.

i think harikrishna is a fraud himself. so he is blaming everyone around . we are victims of IIFL Frauds and we are interested in only fighting IIFL.

Where does this b.n.soans issue come here. i know asish mitra and one rathod is helping us and they told us about b.n.soans

he is helping us and not charging any money. when these people are not asking us any money where they can do any fraud to us.

i think you are conveying us the right message and trying to trouble us by interfering in our fight with case of IIFL