Fraud case-Lost money in share market from fraud advisor
04-Jul-2023 (In Banking / Finance Law)
I have lost huge money in stock market because of advisor. I have joined one advisor who charged 30K/month giving me tips for buy and sell. Initially he told me he is SEBI registered but when i lost my money then investigated and found he told me wrong that he is registered with SEBI.
He committed me minimum 20% return on monthly and maximum up to 100%, after my each loss he told me we will recover soon.
As per my understanding nobody can advice for buy & sell if he is not registered advisor with SEBI, anyone can share their idea but not say Buy & Sell anything in stock market. I have all the communication on WhatsApp with advisor.
Now I want my money back from advisor because I lost with his advise. Please guide what is possibilities here.
This is a good case of committing fraud, cheating and criminal breach of trust by your agent. if you have all the proofs of the communications and his promises, inducements, allurements then you can file a complaint against the said person and get an FIR registered against him for the same.
For any other or further information please feel free to contact.
regards
For any other or further information please feel free to contact.
regards
You will have to file an FIR and a recovery suit against him. I hope you know the whereabouts of this so called agent. However criminal action is a must as this constitutes fraud and recovery suit will help recover the money you have lost.
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