I opened a stock broking account with Bansal, initially investing ₹50,000. While trading, I had limited knowledge and didn’t understand the account statements. They assured me my trades were doing well and convinced me to invest another ₹20,000. They pushed me to invest at least ₹1 lakh, promising high returns. Despite repeated requests, I couldn’t get clear answers about brokerage fees or the substantial losses I was facing. When I finally received a statement, a friend reviewed it and sadly confirmed I’d lost all my money.

Apni Law
Apni Law
Law Forum › Category: Consumer Court › I opened a stock broking account with Bansal, initially investing ₹50,000. While trading, I had limited knowledge and didn’t understand the account statements. They assured me my trades were doing well and convinced me to invest another ₹20,000. They pushed me to invest at least ₹1 lakh, promising high returns. Despite repeated requests, I couldn’t get clear answers about brokerage fees or the substantial losses I was facing. When I finally received a statement, a friend reviewed it and sadly confirmed I’d lost all my money.
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Apni Law Staff asked 8 months ago

I opened a stock broking account with Bansal, initially investing ₹50,000. While trading, I had limited knowledge and didn’t understand the account statements. They assured me my trades were doing well and convinced me to invest another ₹20,000. They pushed me to invest at least ₹1 lakh, promising high returns. Despite repeated requests, I couldn’t get clear answers about brokerage fees or the substantial losses I was facing. When I finally received a statement, a friend reviewed it and sadly confirmed I’d lost all my money.

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Best Answer

Apni Law Staff answered 8 months ago

Based on Indian law, you may have grounds to file a complaint with SEBI (Securities and Exchange Board of India) and/or lodge a police complaint against Bansal for fraud and misrepresentation. You can also approach the Consumer Forum for redressal.

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