Indian Investors Claim Rs 100-Cr Loss After Stockal Sells US Shares without Consent

Borderless denies fault in Rs 100-crore unauthorised Stockal trades, rules out platform breach

'An unauthorised third party appears to have accessed 26 customer accounts using valid login credentials. In 13 of those accounts, existing large-cap US equity holdings were sold and the proceeds used to purchase thinly traded microcap securities. Based on our investigation to date, no funds were withdrawn,' the company has said in response to Moneycontrol's report

Indian investors claim Rs 100-cr loss after Stockal sells US shares without consent

Indian investors alleged that their US stock portfolios were sold without consent through Stockal. The episode has sparked regulatory complaints and a dispute with clearing broker DriveWealth.

Stockal, HDFC Securities issue clarification after alleged Rs 100-crore fraud

New Delhi, Nov 4 (SocialNews.XYZ) Borderless - parent company of Stockal Securities - on Wednesday said DriveWealth has notified it about unauthorised trading activity in 13 customer accounts amid allegations that nearly 30 retail investors... - Social News XYZ

Apple, Tesla, Nvidia shares sold without consent? Indian investors allege ₹100 crore Stockal losses: Report - BusinessToday

Nearly 30 Indian investors have alleged that their US stock holdings were sold without consent and the proceeds invested in obscure stocks, resulting in substantial losses.

Stockal Trading Fraud: Borderless Breaks Silence On Unauthorised US Stock Trades

Borderless says 26 customer accounts were accessed, with unauthorised trades in 13, and suspects a possible social engineering attack.

Nearly 30 Indians lose over Rs 100 crore as US stock holdings sold without consent

Nearly 30 Indian investors allege their US stock holdings were sold without authorisation through Stockal. An FIR has been registered as Stockal and DriveWealth trade allegations.