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Fraud and cheating by angel broking company

Hi,
My name is Shahnawaz Khan My Client code is NEHR5771 on 13-Feb-2016 with
deposited of Rs. 25,00.00. I am totally new in share market. I got a call
from Angel Broking marketing officer Manish +91 9990129927 he told me sir
please open Demat Account it very good for SIP/Equity plan and he insist to
meat on working day then I refused to me on same day and I told him I am
available on Sunday. Therefore he came to my hoon Sunday he wants few
document I clearly told him that I don’t know about demat account and how
to handle it. Then he told me that Angel Broking relationship manager will
come to your hoand gave you software training then only I agree to open
the account. I Clearly told him that I want only SIP or Equity Account only
and don’t open a intraday account, Angel Broking marketing officer said yes
on every question I asked him. I also asked for brokerage charges on per 1
unit share and also need software training for managing account myself not
want any executive for buying my equity share, then Angel Broking marketing
officer agree on every point and assure me that only 0.15paisa will be
if you buy 1000 the brokerage
charge will be 150 and 14% tax only and no other extra charges will be
apply). Angle marketing officer told me we provide you Relationship Officer
Name Relationship Manager Hemant. when your account opened he call you and
gave you a software training.


After 5 day

My demat account was opened with Client ID: NEHR5771

I got a call from Relationship Manager Hemant (Angel Broking Relationship
Manager) on first day he told me there was a very good call.

I told him I don’t understand what are your saying. I replied him that I
want a software training as your marketing officer said. Then his refused
to give any training and if you want training you can came to Connaught
place office. I clearly told him that I don’t want any online or phone
training. I only want face to face training as I told Manish (Angel Broking
Marketing Officer) then he deny again and again. I told him if i have time
I can came to your office for training and don’t call me again for
purchasing any share on which I don’t have any knowledge or experience
about it.

After 2 Days:- I got a female executive call from Angel Broking company.
Then she said sir, why are you not start a trading with our experienced
officer. I also Said to her that I don’t want any phone call or angle
officer for equity trading and don’t call for same again and again.



After 3-4 Days:- I again got a phone call from Angel Broking officer
Relationship Manager Hemant +91 9718824369/+91 9716964853/
+911145191683/+911145191682 between 12:30 and said sir bahut ache call hai
mai buy kar raha ho and I told him I don’t want any purchase on phone where
I can’t se what is going with my money. Then He said Sir aise kaise chalega
and he forced me 4 -5 time sir buy kar lo rate high ho raha hai or mujhe
samaj mai bhi nahi aa raha tha ki hemant kis ko buy karne ko keh raha hai.
I told him tumhe kharidna hai toh kharid lo mujhe nahi pata.phir buy karta
hai or bolta hai sir maine buy karliya hai. As I Know I have only opened a
Equity account not a Intraday Account and I don’t understand why he would
hemant (Angel Broking officer )buy share in intraday where I don’t have
knowledge of any trading. He not gave me any software training on single
day and why he forcing me to buy share.

On next 20min he loose my money around 3000-4000/- and said loss ho gaya
sir, hum loss recover kar lege then I again hemant called me after 30 min
sir lose call hai puty buy karte hai lose cover ho jayega. Then again he
forced me sir buy karte hai I said him I don’t know how to see trading on
my demat account and don’t know how to manage and you calling me to buy
puty share I asked him what is this puty hemant said sir puty hai or ise
puty kahte hai then he pressured me sir online Angel Broking speed pro
downkaro or login karke share buy karo (As I Know I clearly told my
Relationship Manager i.e. Hemant that don’t call me for buy anything unless
you gave me Software training. why he calling me to buy share on urgent
basis I don’t understant). Then he buy equity share 150 share for sunfarma
and 150 share for Hindustan uniliver. Next day he loose my money again
around 7000-8000/- and said sir loss hogaya hai hum isse next call mai loss
recover kar lege then again he forced sir mai le raha ho 520 share mujhe ye
samajh mai nahi aa raha tha ki account or paisa mera tha or training ke
bina 520 share buy kar raha hai hemant pata nahi kiu aisa kar raha Angel
Broking officer hemant maire sath. Sir buy kar lo share call hai sir hum
ce/pe/banknify/puty par kelege.

(I don’t Understant what is this ce/pe/banknifty/puty/call bina koi
training ke or insab ce pe banknifty puty kiya hai mujhe guid bhi nahi kar
ki ye sab ka working function kiya hai or share buy kar raha hai hemant who
bhi huge quantity mai)



3 times he buy 520 share and lose my money again and again.

Therefore next day again he called sir market bahut hachi hai 1050 share
buy kar raha ho mai sir jaldi batao 3.90 paisa ka mil raha hai. He forced
me sir buy karlo jaldi batao price uppar jaa raha hai jaldi batao and he
buy it by pressurize me too much and after 12:30 he told me sir bahut
nuksan ho gaya hai 80-90paise mai nikal raha ho

(Hemant know forced me to sell on 0.80 paise becahe got his brokerage
amount 2.666paisa on every 1 share 1050unit share)

I Clearly tell your sir that Angel Broking marketing officer Manish never
opened my Demat Account but he open Demat Account for Relationship Manager
Hemant.



1. I Request Manish to Open my Demat account only for Equity buy Not for
Intraday business.

2. I asked Marketing Officer Manish 2-3times what is the brokerage
charges and I need software training and not want any one to call me for
buying share

3. Manish guaranted and assure that the brokerage charges is 0.15 per
point and if you buy the share there will no brokerage charges on a single
share

4. I Clearly said to Hemant Relationshiop Manager on phone that I need a
demat account and software training and if you not have time to trained me
the software then don’t call me (I call you when I am free)

5. I Clearly Said to Female executive of angle broking that don’t call
for buying share with your experienced officer. (Now I see How well trained
Misguiding and forcing the client to buy share without giving him any
knowledge about how to do trade)

6. I Clearly Asked Relationship Manager Hemant what is Rs 2 on every
share then he said sir kharcha hai ye (0.15 ka charge bataya tha per share
or ye kharcha to buy or sell karne par lagraha hai = 5.32) why hemant
hiding brokerage charges? And Why Hemant is charging 2.666 instead of
charging me actual value of brokerage is 0.15 as manish told me

7. My Relationship Manager Never pic my phone in evening for clarify the
trade and never explain the trading bill.

8. Sir in Last Sir Hemant nai daily brokerage profit banane kai liye
intraday mai trading kari hai janbujhkar client ke paise se koi matlab
nahi hai profit ho ya nuksan le brokerage banni chahiye tabhi usene itne
sare share buy kare details as follow:

Buy 150x2.66 =399 + Rs 25.00

Sell 150x2.66 =399 + Rs 35.00

Buy 150x2.66 =399 + Rs 865.65

Sell 150x2.66 =399 + Rs 838.15

Buy 150x2.66 =399 + Rs 883.90

Sell 150x2.66 =399 + Rs 889.58

Buy 510x2.66 =1383.2 + Rs 30.00

Sell 510x2.66 =1383.2 + Rs 24.00

Buy 510x2.66 =1383.2 + Rs 26.00

Sell 510x2.66 =1383.2 + Rs 17.00

Buy 1020x2.66 =2713 + Rs 20.00

Sell 1020x2.66 =2713 + Rs 30.00

Buy 1050x2.66 =2793 + Rs 2.95

Sell 1050x2.66 =2793 + Rs 0.80



9. That why Angel Broking Relationship Manager Hemant Buy Huge Quantity
in 3Day for making Huge Brokereage amount (Please refund my brokerage
charges above 0.15)

Today 26th Feb I calling Relationship Manager Hemant and Angel Broking
Marketing Officer Manish That you told me 0.15 for 1 share unit and
Relationship Manager Hemant charged me 2.666 on every buy and sell. Now
after I told him He never Pick my phone and not answering after I called
him from my friends mobile then didn’t answer why 0.15 is not charging and
asked for refund my all 25000/- money back and he end the call twice. Sir
Now I am Raising my complaint regarding this Fraud, cheating and misguide
about the Equity account….



Sir I am a salaried person not a business man Its my hard earned money. Angel Broking marketing agent I just opened It for Investment not for trading and your relationship manager Relationship Manager Hemant misguide me and forced me for all transaction and if you see my several recorded call I totally deny.

So. Please reimburse high brokerage charges applied on my account in 3 days and rollback the remaining money in my account. Its My Humble request please refund my 25000/- to my saving account and I don’t want equity account any more.



Thanks for your Service………….
Thanks & Regards,
Shahnawaz Khan

Dear Shahnawaz,
I am thanksful that you have raised this issue of misguiding and forcefully trading have been done by your RM , As I have also been misguided by my RM Mr. Tirumal regarding obtion charges, intraday trading charges and a no of all other things, I am really disappointed with my unskilled and misguider Relationship Manager as wel as company high brokerage charges of Equity obtions n others, So now I have also decided to move my account in another broker firm. Although I dont understand why Angle Broking company don''''t want his customer for a long time run, By misguiding your customer company can earn more profit / brokerage for a short time only, but For a long run company always loose their genuine customers. After getting disappointed with company, today I have checked company customer oriented business Graph , Which is downwards from 2012 continuousally Now I after reading a No of compaints of others and with my personnel experience, I will nethier recommend to anyone nor want to continue. I would like to suggest to all readers that always go with good broker who dont provide any relationship manager bcaz Relationship Manager always focus to eat your available Fund for his brokerage only not for any guidance or relationship , they always guide according to his profits only not yours ,so Aware.

Dear Shahanawaz ,

There is no different account for intraday and equity...even if for SIP no different account is required. Same demat account will handle all Intraday, positional, future , option etc...even some can handle ur MF investing .. Nvr give permission to ur broker to buy share for you ...just buy share urself ..very minimum amount to understand the market...if u have interest u can learn else leave market. ..brokers work for company not for you ...Any broker you go , they will suck ur blood like this if u give them permission to buy and sell on behalf of you. I have account in HDFC and ventura..... HDFC good customer care but brokerage eating my profits ....ventura is good but software is confusing ...but good customer care (not good as HDFC)....