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Kotak Securities

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Kotak Securities
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Brick Bat@BrickBat
Aug 08, 2007 12:23 AM, 3609 Views
KOTAK SECURITIES - ur doom starts with

I am back to this forum after a long while...lots of things changed.... lots of newer things added....it was a few years back I put my last review here.


But this one, I cannot leave without a posting because Kotak is one of the saddest name in my life.... A couple of most unprofessional guys who made me a pauper out of a nicely settled guy.


The story begins with a couple of fresh graduates approaching my company and I getting to know them a bit through a one on one chat. I still blame that day, when I started my relationship with Kotak by putting 50000 after they promised a dedicated rm for me to do the trading and get me returns better than MFs...


Well, I am not getting into too many details, but please dear friends, NEVER EVER get fooled by these guys. I lost my entire savings in 2006 May crash. which could have been easily prevented if Kotak had atleast one capable employee in Bangalore office, who would look at a medium networth account a bit more closely.


Now, the last word....and only word.... NEVER


god bless u, god bless kotak

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KotakSecurities Deactivated
Dear Sir, At the outset, please accept our sincere gratitude for the time and effort made by you in sharing your concerns with us.Sir, you would be aware that investments in the equity market are subject to market risk. You would appreciate that no one can in any manner predict the price movements of the markets at any point of time. The stock market by its very inherent nature is often prone to fluctuations of the most unpredictable kind. We deny the facts that your allegations of assured returns by our officials. Sir, you would appreciate that the stock market by its very inherent nature is often prone to fluctuations of the most unpredictable kind as such it is not possible for any person/entity to guarantee any kind of return. We emphasize that we act only as an intermediary for executing orders and have not at any point of time guaranteed any return. Sir, you have at the time of account opening executed the Risk Disclosure Document which clearly specifies that investment in equity shares, derivatives or other instruments traded on the Stock Exchanges have varying elements of risks and one should undertake transactions only if one understands the nature of the contractual relationship into which one is entering and the extent of one’s exposure to risk. The essence of online trading is that there is minimum or no intervention of the broker. The client has total freedom in placing orders that he thinks fit and transferring funds online from client’s bank account to brokers’ bank account. RegardsSwati VyasKotaksecurities.
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