The precautions mentioned in this article are applicable in all walks of life, not just stock broking. Useful information is provided here. Keep it up.
Broking firm Employees and Agents down the line manipulate the rules and cheat the customers - a few examples :- 1. Rel Money purchased and sold and purchased(Margin) - 1 share of some companies (without my permission)and made me lose on two counts - teleorder placing commission and min brokerage!! - when caught - I had to bring in the local police for help.!! Angel broking seeks permission for purchasing shares - and then sells them off without any permission at a profit of 5-10 paise OR even at a LOSS - just to earn their own Brokerage commissions!(and all this just to show inflated brokerage earnings to their head offices...to get promoted!!...all in the knowledge of all comapany heads!! - they turn a blind eye to such complaints!!)
my brocker Asokan always cheating me. he says buy this and that and my entire money goes.. He create 1000's of email ids and create a yahoo group and cheat from there.
In todays world it is difficult to cheat client by stock brokers as all orders are done through dedicated recorded phonelines. The manipulation is done at FII levels and promoters. The calls given are given on technical analysis and fundamentals. I have been working in the stock broking services for the last ten years and things have become better for the clients. Even the brokerage plans are cleared explained to the clients. I think the writer has done his home work well
Re: SEBI has banned discretionary trading
by Anand sodo on Oct 31, 2011 12:03 PM
Both you and the writer may have done your Home-work - none of you have done your field work!!! - your agents down the line manipulate the rules and cheat the customers - a few examples :- 1. Rel Money purchased and sold and purchased(Margin) - 1 share of some companies (without my permission)and made me lose on two counts - teleorder placing commission and min brokerage!! - when caught - I had to bring in the local police for help.!! Angel broking seeks permission for purchasing shares - and then sells them off without any permission at a profit of 5-10 paise OR even at a LOSS - just to earn their own Brokerage commissions!
