Beware of this fraud company. The monthly salary of their employees is dependent on the brokerage they generate. Hence, the relationship managers do everything to make sure that they do high volume trade in your account and in the process they charge you very high brokerage(which helps them receive higher monthly salary).
Further, BEWARE OF this fraudster, Umme Attiya Qureshi(Contact Number: 887981xxxx). Her fraudulent activities include the following:
1. She promises to generate 50% returns per annum, lures you to transfer more than Rs. 100, 000 in your margin account, and later does unauthorized trades in FNO amounting to Rs. 40-50 lakhs in a day so that she can generate brokerage equivalent to Rs. 50k from your account in a single day.
2. When you take the action of reporting to the compliance team, she does drama and assures you of recovering your money. In that process, she suggests you to invest in unlisted shares, asks you to transfer money to her personal account and later she vanishes with your money without giving you the required shares.
3. She always recommends you to invest in dabba shares or operator driven stocks. In this process, your money remains stuck in such stocks which hardly has any buyer or seller.
Hence, beware of this lady who is a cheater and has cheated many innocent investors.