Respected seniors/ Dear Friends,
One of my friend opened a trading account with Commodity Stock Broker and invested Rs.40000. our Introducer , who is one of the employee of this stock broking firm made unauthorized trades with NCDEX and MCX without permission. And lost all money
When my friend came to knew about this cheating and fraud he filed a complaint with both exchange. Even he had approached to direct stock member as well as through both exchanges to show us the proof of placing order (i.e. phone call recordings, any email) which confirm that client has placed such orders for trades. But stock broker is unable to provide us any evidence or proof for that.
Now we had applied for arbitration in both exchanges and hearing has scheduled for next month.
Now my questions and queries are here:
1. How to appear for hearing ? what document should we prepare to present our case properly?
2. I would be thankful if anyone can provide me any sample of drafted statement of case.
3. Any other guidance in this regard, Bcoz we don’t have any past experience for such kind of legal proceedings
Please help me out!!!!!!
In waiting for your valuable advice and suggestions
Arihant Bhansali
