Motilal Oswal trading is not allowing to sell shares

Name of Complainant VishnuVardhanReddy
Date of ComplaintOctober 9, 2023
Name(s) of companies complained against
Category of complaint Internet Services
Permanent link of complaint Right click to copy link
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Text of Complaint by VishnuVardhanReddy:

I have an account with Motilal Oswal.And recently I’ve been allotted an IPO, the shares got deposited into my account as well.When I tried to sell them ,I couldn’t do it.
It says that “the client/dealer code is suspended.please get in touch with your CSE desk”
After a lot of struggle got in touch with one of their executives and he asked me to pay 700rupees -I paid 710rupees,and then I was told that there’s 5.5 rupees more balance yet to be paid and I paid 100rupees.even then I didn’t get what I wanted to.its been more than 20days and I still didn’t get any response.
I would also like to stress that I don’t even hesitate to step out to SEBI or even any higher authority also until my issue gets resolved.
Truly unprofessional Motilal Oswal.

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