I am really in trouble, One of my stock brokar is telling me that, I have got the loss of Rs.5.5Lack, I am not understanding the fact, How I have got this much of loss without any security.
Kindly focus on below mentioned points.
1) I had deposited Rs.1,00,000/- to Brokar.
2) I was holding 5 lot of NTPC in future.
3) If share price got down, why brokar was holding the share, he did'nt sold out the share when my margine money was over.
4) He was holding my share till it has made a loss of Rs.6.5 lack, then he has deducted my deposited money and asking for rest of the money.
5) He has deposited one of security cheque in my account which has been bounced and I have got the letter of his layer stated that they will take action.
I would request you all to Kindly help me out, What action he can take against me, and what action i can take against him "without margin money why he has given me the margin of Rs.6Lack."
Kindly send me the mail on firstname.lastname@example.org
I will be really thankfull to you.