POSTED BY May 15, 2012 10:06 pm COMMENTS (10)ON
my relative is cheated by her sub-broker. the sub-broker through whom she is dealing offline and through whom her dp account is operative, got a new slip book from the dp( which is also main broker company) under excuse of old slip book lost , and also changed the mobile no.of the account holder,where the normally sms is being sent to her at time of transaction from the account. then he sold the equity shares of the account offline to his father (and afterwards presumably sold through stock exchange to encash them ).he did the same with my relative’s forged signature in slip book as well as in request letter to the dp for new book and change of mobile no. my relative came to know when she checked the holding statement. the a/m involve is about rs.1 lk. she has lodged the complaint with SEBI. WHAT ARE OTHER REMEDIES TO RECOVER THE LOST MONEY? what can she hope from SEBI and how much time will it take?