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It is the sad state of affairs that despite the regulatory control and various regulations the stock brokers like Angel Broking have attitude of DEVIL MAY CARE. This has been demonstrated in my case.

On noting unauthorised transactions made in my account, I vide e-mail dated 16.8.2012 informed Angel Broking Ltd about the unauthorised trading done by their executive in my ID: CP5058 on 14.8.2012. But nothing has been done by them despite various follow by my husband with the officials at CP Branch rather to cover up the wrongs at their end, they are seeking the confirmation of the trades to validate and legalise the act/conduct of the CP Branch executives.

It may be mentioned that their executives have of their own without any instructions or my consent have executed the transactions in my account which has admitted by their executives but are not willing to give in black & white. It is further surprising to note that the transactions in the Future & Options (F&O) segment have also been done, when I have no understanding of it and have given no instructions to trade in F&O.

Not only this, I am also surprised to receive the statement wherein they have levied the account maintenance UTP).

Further, this act of conducting unauthorised transactions of their executives and seeking the confirmation of the trades to validate and legalise the act/conduct of the CP Branch executives which I have refused to confirm (as I did not authorise to the transactions) has resulted in suspension of the account for a month. Further, on my informing the same nothing has been done in the matter till date despite my repeated follow up on the phone and various visits to their office, which has caused undue harassment, mental pain and agony.
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1st Reply from Angel Broking on this matter
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This is with reference to your email dated 16/08/2012 regarding trade in your account.
As per our telephonic conversation and post our investigation we would like to inform you that trades executed in your trading account on 14/08/2012 under NSEFO & NSE segment were carried out with your consent and the same was informed to you by dealer, also you have received trade confirmation sms and contract note in your
registered mobile number and mail id.

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2nd Reply from Angel Broking on this matter
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This is with reference to your email regarding trade in your account.
Further to verification of our records, we would like to inform you that our stand remains the same as replied in our previous communication.


I request to all readers who want to open trading account with Angel Broking Pls don''''t go with Angel Broking.
If anybody wants more details on unauthorised trading in my account please talk to my husband on 9871158211.