Dear Sir, 03/09/2013
It is found that one of the stock brokers has illegally charged the charges which have no existence in the stock market and he clubbed the same charges in the regulating charges so that nobody detected it.
The matter was also taken up by the NSE/SEBI through RTI application as to validity of this special charge but the NSE has refused to provide the information under the pretext that NSE is not under the purview of the RTI Act.
However SEBI has informed that charges which was collected by the Stock brokers has not been defined in the stock market.
After lodging so many complaint the agency is now not taking it seriously and indulging to provide the protection to the stock broker for their oblique motive.
The stock broker thus has cheated all his clients whose strength is more than five lacs and it may be confirmed by the contracts note which he has issued to all the clients.
Kindly guide
1. Who to approach so that broker’s license may be suspended or he may be expelled from the stock market because he has cheated all the investors from the year 1998 till date and amount may be come to in crores of rupees.
2. How to get the reply from the NSE in respect of the special charges which was charged by the stock brokers.
