[Resolved] Kotak Securities — No client security in Kotak securities

[Resolved] Kotak Securities — No client security in Kotak securities

S subhadeep sengupta from Chennai, Tamil Nadu Jul 30, 2009

Hello, Suddenly without warning my Unitech shares has been liquidated, evn though my settlement was tomorrow (client id: sub80_5) The excuse which the customer care agent Amit (call on 11.00 - 11.15 a.m. on 30/07/2009) is negative margin. I was about to settle on the settlement date (tomorrow) Why then the shares are liquidated and sufferring me a huge loss. I am going to write to the govt. consumer forum as well as mouthshut.com for this. Also, the kotak customer care operators are modifying my transaction time, so that I cannot transfer money from equity to bank. There is no security in kotaksecurities and I am going to write to the ET brand equity for this as well as CNN-IBN profit channel. If my margin was negative, then why Kotak allowed me to buy shares and giving me a loss ? I want immediate redressal of my loss. Was this information helpful? No (0) Yes (0)
Aug 14, 2020 Complaint marked as Resolved
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Comments

sandeep_shrikhande

from Bengaluru, Karnataka

Nov 29, 2011

Dear Sir/Madam,

I am a demat account with Kotak Securities since last one year and followinga are the details -

Client: TOYO0

My agents details are -

DP id: In300214
DP A/c No.: 15516377

As per his/her commitments I was told that quaterly I will be receiving 8% of my investment (Rs. 20000 I invested) but unfortunately I have not received even a single rupee. He/she is totally a fraud person, not responding to phone calls, if sometimes meet then also try to divert the things. Requesting you to take necessary action against him and barred him.

Also my request is to allow me to do online trading myself for which I need "Security Key" & "Trading Passpord", kindly arrange to send it to my residential address and block my agent to do any further transactions pertaining to my account.

Hope for positive response from your end and attention to my requirements.

Regards,

Sandeep Shrikhande
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