Kindly provide me judicial suggestion

amrish (Querist) 19 December 2015 This query is : Resolved
Dear Sir,

I am resident of Dehradun . I have open a share trading account with the XYZ securities pvt ltd company in the name of my Wife on 7/12/2009 in Dehradun Branch.

AT the time of opening account the official of the company recorded our conversation and all the phone call without our knowledge & invested a sum of Rs. 12,50000 Lacs in Capital Market through the above mention company. The Company done certain transaction for sum of Rs. 25 to 30 Lac in my account without my instruction.

Which was almost triple the amount invested by me and the rest of the amount involved in speculative having was show me borrowed an amount and also charged interest on the said amount. Due to this act of the said company made huge loss of capital money to me.

My query from the expert is:

1) What is the legal remedy for me.
2) the judicial to hear the complain registered in which court.
3) Please provide me Any other Suggestion regarding the same issue.

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Advocate. Arunagiri (Expert) 19 December 2015
1. Untill unless you give oral or written order they (trading company) can not execute any order.

2. SEBI.

3. Send a notice to the trading company.

If you can give the exact transaction details, I can give more suggestion.

Every trading company has to produce the voice recording to prove that you have ordered for the transaction. You demand for the production of the voice record.

Rajendra K Goyal (Expert) 19 December 2015
Lodge complaint with the SEBI, head office of the company.

Send legal notice to recover your money.

Guest (Expert) 19 December 2015
Your details are quite insufficient to form any opinion. Rather I have my own doubt whether you are talking about some real problem or an academic query!

Anyway, if yours is a real problem, what about transaction lists and debit/credit accounts statements, which you would have been receiving online or offline from the broker from time to time all these 6 years?

Also, if the company had been charging you with interest on any amount showed as borrowed, has the company not been sending any demand note to you/ your wife for payment of the outstanding amount along with the interest on borrowed money?

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