Unauthorized Trades

 Bellow are the  TELE Qty 50,000 unauthorized trade details done by Ktrade.

I found this strange trade and asked my trader for details

Initially  send me this

Confirming that trade actually done by client (Which I never),  listen below voice note

Ktrade even  Send a Fake Invoice which I argued, listen below voice note

After hours of protest 

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 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

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+

Unauthorized trades by ktrade

Following Warning Was Send to KSL- Ktrade

email warning to Ktrade

Participants are encouraged to post their queries or responses directly in this space regarding Unauthorized Trades. Following each submission, our team will ensure that the content is accurately and promptly updated on the corresponding document.

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