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Author Topic: Unauthorized Without Consent Trade Transaction(F&O) in BMA Wealth Noida  (Read 1168 times)

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Offline Navneet2005

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I have opened trading and D-mat account with BMA Delhi branch in August 2010. My allotted BMA client code 11680096 linked DP Id 12046300 and agreed brokerage was 1 paisa intraday 10 paisa delivery and 40 Rs per lot option. Myself is working in manufacturing sector and a very small long term investor and buy stocks for long term future savings purpose. Presently, I had six stocks namely Jetairways, Digjam, Kotharipro, Pittilam, Rajooeng, Shreeashta in my trading account with BMA with net worth of Rs 83,938 in. On 29 November 2015, I had these earlier mentioned securities in my D Mat account with remaining account balance of Rs 1479 Rs (annex 1: Margin Statement). My complaints was against BMA wealth creator for your serious perusal:
a)   In respect of F&O segment, several high volume trades (514 Nifty options lots, 514X75) were carried out without my knowledge and consent on 30 November 2015 with account balance margin) of just 1479 Rs (annex 1) incurred loss of Rs 64,537. No prior consent, verbally and/or in writing was taken by BMA and that the company without my knowledge and consent indulged in unauthorized trade and that their Noida Branch representative Mr. Vaibhav Mehra was instrumental in unauthorized trading and the company BMA is vicariously liable for loss and damage thereafter.

b)   After return my official work, I was shocked to see in my NSE transactional statement that 514 lots of Nifty Options was traded in my account on 30 November 15. When I gone through BMA statement, I was shocked to see the charged excess brokerage of Rs 100 per lot instead of agreed 40 Rs per lot. I have attached downloaded contract notes dated 12/10/2010, 14/10/2010, 14/08/2014, 18/08/2014 and 31/10/2014 highlighting 20 Rs/lot brokerage & contract note dated 31/11/2015 for 100 Rs/Lot (Annex 2).

I have already filed complaint to SEBI. SEBI forwarded to NSE which is currently under IGRP. Pls advice regarding consumer court action or police complaint action should be taken.
« Last Edit: January 16, 2016, 04:09:08 AM by Navneet2005 »

Offline Hansraj Agrawal

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Re: Unauthorized Without Consent Trade Transaction(F&O) in BMA Wealth Noida
« Reply #1 on: February 12, 2016, 10:26:34 AM »
My depository also transfer share by forging document I want information whether sebi permission needed for filing criminal case in court.


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