Comment on Stock market scams everyone should be aware of
commented on
14 Feb 2020, 03:08 AM
Nithin,
Pls clarify about this article that is circulating on WhatsApp.
Zerodha squares-off largest (78000 units of TATAMOTORS) unauthorized trade within 15 minutes of trade day while client got T+1 days. This caused the client a total loss of 84 Lakhs within a single transaction. The entire fault is due to Zerodha’s liquidation.
The issue has been dealt with NSE arbitration panel which found Zerodha guilty. They Zerodha appealed, the appeal panel again found Zerodha guilty of unauthorized trade. Zerodha again trying to litigate the matter in court witout providing relief to the client.
The compalint has been filed in the consumer forum for further resolution.
The government and SEBI oftenly request the investors to be careful and again requesting everyone to Beware from such Companies. You can buy daily stuffs online, where major risk is not involved. But when it comes to Finance, you should not rely on such online companies. Do not put your hard earned money in such companies.