Your stockbroker is an important factor or person that decides your success in the stock market, therefore one has to be very careful while choosing one. These days “LFS Broking” is becoming popular but, with a negative point of view.
This is because of the LFS Broking Investment plan and their alleged guaranteed returns schemes that are making the netizens as well as authorities suspicious about LFS broking and their integrity.
That is why NSE recently issued a circular stating that LFS Broking is still not licensed to provide such investment schemes and plans.
Clients are promised about several things in portfolio management services, however LFS broking PMS is walking a different path.
So, to make a better judgement of what’s right and what’s wrong, we tried to get in touch with LFS broking staff and compliance officer to get their side of the story.
In this video, you’ll see LFS broking compliance officer told us that NSE has suspended their operations for a while, however according to him this decision is biassed. As NSE didn’t bother to be thorough with the details and documents of the stockbroker.
As per the reports, NSE had suspended their license to provide LFS Portfolio Management Services (PMS) a while ago. We are curious why they were offering PMS services to their clients.
Furthermore, we tried contacting several other branches all over India, some of them responded, some of them gave excuses but most of them were too busy to even take calls.
During these calls, we also discovered that LFS broking Demat Account Opening is still on road.
We also tried getting in touch with LFS broking CEO, unfortunately after waiting for sometime our call was directed to the IVR, which was disappointing.
At the end, we had a long conversation with an employee from LFS Broking Patna branch from whom we received sort of mixed answers about LFS broking PMS and LFS broking investment plan.
The purpose of this video is purely to explore what’s going on with LFS broking and NSE and why are people complaining about their PMS services, in order to provide investors, traders and clients with a better perspective.
We do not intend to defame any entity, authority or person through this video.
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Chapters:
00:00 Introduction
01:29 Call with compliance officer
11:18 Contacting CEO
15:42 Patna Branch Call back
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