IIFL and its franchise in Patna run by Mrs Sandhya Gupta and Shekher Gupta are doing lot of unauthorised trading. My Dad late Sachchida Nand Sharma passed away on 12th Morning Nov-2013 still all trading happened on 13th november on complaining to IIFL they simply told there is nothing to complain on it your father might have asked him to do before he died.
The account SACHCHNA had 78 lac in 2005 due to all unauthorised trading they have made it to sixty thousand.
They even change the email Id so that people can’t get any bills.
They have even bribed the regulatory body to favour them with a benefit of doubt. This is simple advice to all the IIFL account holder this company is run by fraudsters.
We had lodged complain to SEBI, to my surprise I gave all the proof and document that IIFL is involved in the fraudulent trading, SEBI just turned away since I was talking to them by phone and some big shot lawyer from IIFL was unable to answer my query some how stage managed the SEBI officer and gave the justice to this frauds.
Please AVOID TRADING WITH IIFL these people are best in looting your money, be aware of these people.