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Is it gonna be our future generation?
We are having bailouts left and right from the US Government it feels like they have enough money to buy the entire world if they want to.
I... |
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vnethirajan | Can i approach consumer court if my commodities trader had done mal practise? |
Hi all,
I had opened a commodity trading account with a company named ALTOS.They have invested my money with out my knowledge in Crude oil and i had to suffer loss of 22000.can i approach consumer court against them?if not how to solve the problem? |
 |
 
nirmalkumarlenin
|
according to the market situation the commodity price may fall or rise pl. read the terms and condition of ALTOS. Actually i think it is 100% market risk life share trading |
|
Happy to help
|
You probably signed an agreement to have all conflicts heard in arbitration. Look at your original paperwork |
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shaikh
 |
yes |
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muncie birder
|
Despite the other answers of "yes", the answer is "no". When you signed your agreement with ALTOS you agreed to use arbitration to settle disputes. So you will have to use that avenue rather than the courts. This is the standard proceedure in the securities industry.
You will need to find a lawyer who is versed in these types of cases to best present your case. |
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archana3k1
|
check with your lawyer he will tell you the points missed by you and feasibility |
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fasttrack
|
consult a lawyer |
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sixer
|
sure ,
find the url
www.consumercourt.netfirms.com/ |
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pyj
|
yes. |
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r sankar
 |
On 4th March 2011, out of various transactions that I made in Copper, I would like to escalate about the Exchange Order No.131106300134755, for the buy point 451.05 in Copper 29April2011. This particular transaction was originally made by me and when I noticed the upward trend I cancelled the same. But, when I cancelled it, the order status showed C-Xmitted. Immediately, I made a call to my Chennai contact (RMS Incharge – Gowri Shankar) at around 5 pm. When enquired about this C-Xmitted status, they confirmed that the above said transaction (E.O.No. 131106300134755, for the buy point 451.05 in Copper 29April2011) was also showed cancelled for them and therefore this can be ignored by me. Because of this confirmation made by Chennai Risk Management Team, I made another transaction (131106300751364, for the buy point 451.35 in Copper 29April2011) so as to close my earlier sell position.
But, later that day, the order that showed C-Xmitted earlier was also turned into Executed status. When I noticed this, I called Chennai team again and this time they informed me that there was a technical problem at their side and any loss due to this reason will be compensated to me. Also, the Chennai team made another transaction in my account on 9th March in order to close the dispute buy position.
On 4th March 2011, my account balance was Rs.26000+. But, today on 11th March my balance is NIL. I also want to mention that I have not made any other transaction expect one gaining value in Copper June2011 contract.
i had to suffer loss to 26,000 thousand , can i approch consumer court againts them?
please very very hurgent |
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saran
 |
Hi all, I had opened a commodity trading account with a company named Pace Stock Broking Services Private Limited..in chennai anna nagar branch ,They have dublicated odin install in my system ,then They have invested with out my knowledge in copper ,suffer loss of 50,000.can i approach consume...
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