Unauthorized Trades in Client’s Account
Issue: KSL executed unauthorized trades, leading to losses of PKR 750,000.
Regulatory Violations:
SECP: Violation of SECP Act, 2015 (Section 24) – Fraudulent trading practices.
PSX: Breach of PSX Rule 5.4.2 – Unauthorized order execution.
1- KTrade carried out an Unauthorized Transaction from my account.
Bellow are the details of TELE Qty 50,000 Unauthorized Trade
I found this strange trade in my account and asked my trader for details
Initially send me this
Falsely claiming that trade done by me (Which I never), listen below voice note
Ktrade even Send me a Fake Invoice which I argued, listen below voice note
After hours of protest 
as shown bellow
Arguments by my side
Finally removed 50k TELE from my account, listen below voice note
2- PIOC - 13,500
Bellow are the PIOC Qty 13,500 another unauthorized trade details.
After my strong protest and threat of complaining to SECP and PSX on phone between (3:10 to 3:30pm) on April 28th 2022, KSL finally removed it from my account with following confess.
Here is the confess, Please listen below voice note
3- Unauthorized Trades in the Ready Market
Brave Ktrade/KASB/KSL shows no respect to regulators and committed additional unauthorized Trades on 20th Dec 2023 in ready market as well.
On the 20th of December, 2023, KSL conducted additional unauthorized trades in the ready market on behalf of a client, a move that resulted in a staggering loss exceeding 5 million. This action, taken without the client's consent or knowledge, not only represents a serious breach of trust and professional ethics but also led to significant financial damage. Such unauthorized activities raise critical concerns about the integrity of KSL's trading practices and the need for stringent oversight to protect clients from unwarranted financial exposure. Client lost additional 2,450,000+
Following Warning Was Send to KSL- Ktrade
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