A Stock broker was ordered by NCDRC to refund Rs 5.67 lakh lost in F&O trading to NRI after 13 years of long fight

Kotak Securities: A retired non-resident Indian (NRI) in Kochi, Kerala won a consumer case against Kotak Securities, a subsidiary of Kotak Mahindra Bank after a 13 year long fight. It was being alleged that Kotak Securities' representatives traded in future and options (F&O) without authorisation of the NRI individual.
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