How to Deal With a Stock Broking Fraud?

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How to deal with your broker if they cheated you
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Introduction

• Frauds are unfortunately a part of any system and
  therefore, there are various laws in place to
  combat with such issues. Be it stock market or
  any other money-making sector, the chances of
  frauds are always there.
• If you want your stock market investment to stay
  safe and do not want to fall for such frauds, we
  suggest you a few simple tips and tricks as we go
  further. These tips and tricks will very well
  avoid you from even mistakenly getting trapped
  with fraudsters.

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Precautions to avoid frauds

1. Dont sign blindly In case you are worried about
   stockbroker fraud, never sign paperwork blindly.
   Your paperwork is proof that you have authorized
   something on your behalf, voluntarily.
2. Dont fall for the hype Do not invest money in
   something which you are not confident about.
   Research on your own and only then ask the
   stockbroker to make a transaction.
3. Dont be lured into FO trap FO is a weapon of
   mass destruction in the stock market as per
   Warren Buffet. Relationship managers will try and
   lure you with stories of big bucks and overnight
   profits and lure you into FO trading.
4. Dont go for unlicensed sub-brokers Another
   issue with normal people is they do not do a
   background check. You might find unlicensed and
   unregistered sub-broker somewhere or the other.
   Make sure you check the license numbers of your
   prospective brokers on NSE and BSE website, where
   they are registered
5. Dont authorize trading Do not give trading
   rights to your broker since they can now misuse
   and make many unauthorized transactions from your
   trading account. That is the reason why PoA
   should not be given to your broker.

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THANK YOU