Inside a ₹35 Crore Trading Scam by a Broker - Globe Capital Full Story!

What does a ₹35 crore stock market fraud actually look like when it doesn’t feel like a scam at all? This video unpacks one of the most disturbing trading fraud cases to surface in recent years - where a 72-year-old man and his wife allegedly lost nearly ₹35 crore through unauthorized and manipulated trading, without realising what was happening for almost four years. The story doesn’t begin with speculation or greed. It begins in 1984, with a legacy portfolio inherited from a parent long-term holdings, zero trading, zero speculation. For decades, the couple stayed away from active markets, focusing instead on their family and social work. Trading entered their lives much later, through a trusted recommendation and a reputed, SEBI-registered stockbroker. What followed was not a sudden collapse, but a slow, silent erosion. Demat accounts were opened for both husband and wife. Shares were transferred. Relationship managers were assigned. Trading began - not in delivery stocks, but in F&O and derivatives. Assurances were given. Profit statements were shared. Everything appeared controlled and “guided”. Over the next four years, the couple was allegedly shown steady performance, even healthy returns. But beneath that surface, a very different picture was forming. High-frequency trades. Large turnovers. Repeated entries and exits. Shares allegedly pledged without clear consent. And a brokerage engine quietly running in the background. The illusion broke with one phone call. A call from the broker’s Risk Management System informing the client that his account had a debit balance of nearly ₹35 crore and that if the amount was not paid immediately, the broker would begin selling the couple’s holdings. Overnight, what looked like a managed portfolio turned into a financial shock that wiped out decades of accumulated wealth. We also examine the regulatory side of the story - not as theory, but as it applies to real life. From pre-trade confirmation rules, to F&O risk disclosures, to the responsibilities imposed on brokers under SEBI’s Code of Conduct, the video explains where things are alleged to have gone wrong and why these rules exist in the first place. Beyond this single case, the video connects the dots with similar arbitration orders, FIR allegations, and complaint data to show that this may not be an isolated incident. Patterns emerge around certain business models, especially in full-service brokerage setups where relationship managers operate closest to clients and incentives are driven by turnover and brokerage generation. Another critical aspect covered is how the regulatory grievance system actually works and where investors often get stuck. From SCORES complaints being marked “disposed”, to missed escalations through SMART ODR, the video explains how cases can stall not because there is no wrongdoing, but because investors don’t know the next procedural step. Most importantly, this is not a video about blaming trading or markets. It is about understanding how trust operates in financial systems, how delays in realising manipulation can be costly, and why paperwork that looks compliant on the surface may still hide deeper problems. If you are an investor, a family member of an investor, or someone who believes that a regulated broker automatically means safety, this case forces uncomfortable but necessary questions. How well do you actually understand what is happening in your account? Who really initiates trades? And at what point does “guidance” cross into control? This video is an attempt to document, explain, and learn — not just from one alleged fraud, but from the gaps in awareness and systems that allow such stories to unfold quietly for years. Watch till the end. Not for sensationalism, but for clarity. Buy Fraud Free book: https://www.amazon.in/FRAUD-FREE-Outsmart-Scammers-Money/dp/9370032088 https://www.flipkart.com/fraud-free-outsmart-scammers-keep-your-money-safe/p/itmf52d631bf03b3 Have you been scammed? File your complaint at - https://aseemjuneja.in/ Install Stock Pathshala for LIVE classes and Webinars now: https://play.google.com/store/apps/details?id=com.codeclinic.stockpathshala&hl=en_IN iOS App: https://apps.apple.com/in/app/stock-pathshala/id6566178182 Join Our Whatsapp Group: https://www.whatsapp.com/channel/0029Va5uiyqGufIvVfGbnG1m 00:00 - Introduction 01:49 - How It All Started 02:38 - Globe Capital: Entry & Services 05:04 - FIR, Brokerage Churning & SEBI Breach 07:09 - Missing Confirmations & Manipulation 08:38 - Similar Broker Cases & Complaint Data 10:00 - The Legal Angle & SEBI Violations 12:06 - Recorded Evidence & RMS Calls 14:34 - Investigation & Exchange Notice 15:32 - SCORES Complaint & SEBI Complaint Rules