Did any executive from Arham Wealth Management trade your account without your approval?
When a Stock broker is trading without permission, it directly violates SEBI guidelines.
You open your trading app, maybe just to check your balance, maybe out of habit, and something stops you cold. Numbers that don’t match. Positions you don’t recognise. Trades that carry your account number but not your memory.
Your first instinct is to assume you’re misreading something. You scroll back up. You check again.
But the trades are real. The losses are real. And you never placed a single one of them.
If this is what brought you here today, if your account shows signs of Arham Wealth Management unauthorised trading, then this blog is for you.
In this blog, we’ll help you understand what happened, why it matters, and what you can do next.
Vikram’s Account. Vikram’s Money. But Not Vikram’s Trades.
Vikram (name changed) was forty-three years old when he decided to finally invest seriously.
He had spent years watching from the sidelines, reading about markets, following analysts, telling himself he’d start “when the time was right.”
When he finally opened his trading account with Arham Wealth Management, it felt like a step forward. A relationship manager who answered his calls promptly, remembered his name, and made the whole thing feel safe.
He started small. Equities only. Conservative. He was explicit about this from day one; he did not want derivatives exposure, did not want anything he couldn’t understand, and absolutely did not want anyone trading on his behalf without checking with him first.
For several weeks, everything seemed normal.
Then his brother, who handled the family’s accounting, noticed something while reviewing their investments.
Transactions that didn’t appear in any family discussion.
- F&O positions.
- Intraday trades.
- Contracts he had never seen before, opened and closed within the same session.
Vikram pulled up his full account history.
The trades went back weeks. Multiple sessions. Multiple instruments. Positions in commodities he had never discussed with anyone.
Losses quietly stacking up in the background while he assumed his account sat untouched between his own occasional transactions.
He called his relationship manager. The tone had shifted, less warm, more careful.
He was told the trades had been: “as per your instructions.”
When he pushed back, he was told to “check your messages.”
When he asked for documented authorisation, written records, call logs, anything proving he had approved these specific trades, the conversation went quiet.
That silence told him everything.
If it sounds familiar, keep reading.
Red Flags of Unauthorized Transactions in Your Arham Wealth Account
The difficult thing about unauthorized trading is that it often doesn’t announce itself loudly. It creeps in. It hides in the noise of a busy account.
By the time you notice, the damage may already be significant.
These are the signs that should stop you in your tracks:
- You see trades in your account in segments you specifically said you didn’t want: derivatives, futures and options, commodity contracts, when you had only asked to trade equities.
- Your account shows high-frequency activity: positions opened and closed within the same session, over and over, generating brokerage on every single transaction while your capital quietly erodes.
- When you ask your broker for proof of your authorisation, call recordings, written instructions, email trails, the response is delay, deflection, or a change of subject.
- Your relationship manager changed, and so did the trading pattern in your account. The new activity started shortly after the change in personnel.
- You received OTP alerts or login notifications you didn’t initiate, suggesting someone else may have had access to your account.
- Your margin account shows calls and debits you can’t explain, as if positions were being held on your behalf without your knowledge.
- You were shown a form you signed during account opening and told it authorised all of this. It didn’t. Account opening documents have a defined and limited scope.
They are not a blank cheque. If your broker is using your signature from day one to justify trades placed months later without your knowledge, that interpretation is itself a violation worth documenting.
Account opening documents do not give brokers open-ended permission to trade your account freely.
Any single one of these warrants a closer look. Multiple red flags together warrant immediate action.
How Do I Complain Against a Stock Broker?
The path forward is clearer than it might feel in this moment. It requires methodical action, not panic.
Here is exactly what to do:
1. Preserve everything immediately
Before you make a single call or send a single message, secure your evidence. Download your full account statement. Save every contract note.
Screenshot every trade you are disputing in your broker app.
Copy all emails, WhatsApp messages, and text communications from the broker. Store everything in multiple places: email, phone, and external drive.
Do this now, before anything disappears.
2. File a written complaint with the broker
Skip the phone call. Skip the chat message. Both disappear, and neither creates a paper trail that holds up.
What you need is a formal written complaint sent by email to the broker’s compliance officer
Name the specific trades you are disputing. State the dates. State the amounts. Ask explicitly for the documented pre-trade authorisation for each transaction.
Put everything in writing.
3. Register a Complaint with SCORES
The SCORES portal is India’s official investor grievance system. File there with your documents attached.
Track your SCORES complaint status online.
This step creates a formal, timestamped record of your grievance that the broker cannot ignore the way they might ignore a phone call.
4. Report with Smart ODR
SEBI’s Online Dispute Resolution platform facilitates a neutral third-party review. It is specifically designed to resolve exactly this kind of dispute between investor and broker.
5. Arbitration in Share Market
If mediation doesn’t resolve the issue, exchange arbitration provides a legally binding forum.
It has delivered outcomes for investors in unauthorised trading cases, particularly when brokers could not produce the pre-trade documentation SEBI requires them to maintain.
Need Help?
Investors in Vikram’s situation deserve to have someone in their corner who knows the regulatory landscape, knows what evidence matters, and knows how to build a complaint that doesn’t get filed away and forgotten.
That is exactly what we do for investors who reach out to us.
We have sat with investors who had nothing but a screenshot and a gut feeling that something was wrong, and helped them build cases that produced real outcomes
We helped them see their situation clearly.
We helped them organise their evidence, identify the violations, and draft complaints that moved through the system and produced real results.
If something like what happened to Vikram happened to you at Arham Wealth Management, or at any broker, reach out to us.
Share what you’ve found and we’ll come back to you within 24 hours with an honest assessment of where your case stands
You have more options than you think.
Every Trade in Your Account Needed Your Permission
Vikram did nothing wrong.
He opened a legitimate account. He set clear boundaries. He trusted a regulated intermediary to respect those boundaries.
Instead, he found his account used in ways he never approved, for trades that were never his, generating losses that should never have been his to bear.
SEBI regulations require brokers to hold documented proof of your authorisation before executing a single trade. That requirement exists for a reason.
It exists because of situations exactly like Vikram’s.
And when a broker cannot produce that documentation, when the proof simply doesn’t exist, that is not a paperwork issue. That is an accountability issue.
Your account was never the broker’s to use. The trades that happened in it without your knowledge were never yours to own.
You have rights. You have a process. What you don’t have is unlimited time, so start today.
Frequently Asked Questions
1. How do I prove Arham Wealth Management executed an unauthorised trade?
Request the complete pre-trade authorisation record from your Arham Wealth Management for every trade you are questioning.
Under SEBI regulations, brokers must maintain documented proof, written, email, or recorded, of your specific instruction before a trade is placed.
If they cannot produce that documentation for a particular transaction, there is no evidence you authorised it. That absence is itself significant.
2. I signed a Power of Attorney when I opened my account. Does that give my broker permission to trade freely?
No. A Power of Attorney has a defined and limited scope under SEBI guidelines.
It is primarily intended for depository-related purposes and does not give a broker blanket authorisation to execute trades in your account without your ongoing, specific instructions.
If your broker is using a PoA to justify trades you didn’t approve, that interpretation of the document may itself constitute a violation.
3. Can an Arham Wealth broker trade without permission if we discussed it verbally?
Verbal claims made after the fact do not satisfy SEBI’s requirements.
The broker must produce evidence of prior instruction, a call recording, a written communication, an email or message, showing that you authorised the specific trade before it was executed.
Without that documented proof, “we discussed it” is not a valid defence.
4. The trades happened several months ago. Have I lost my chance to complain?
Not necessarily. While acting sooner is always better, the viability of your complaint depends largely on what documentation you can still access: contract notes, account statements, bank records, communication with the broker.
SEBI generally expects complaints to be raised within a reasonable timeframe, so if you have not yet started the process, now is the moment to begin.
Limitation periods in arbitration are strict. If you’re unsure whether yours has passed, ask us before assuming it has
5. I’m worried that complaining will cause the broker to freeze my account or make things worse. Is that a real risk?
Brokers are legally prohibited from retaliating against clients who file formal regulatory complaints. SEBI’s grievance mechanisms are protected processes.
That said, before filing, it may be sensible to review your open positions and decide whether to close or transfer them elsewhere.
But fear of retaliation should not stop you from raising a legitimate complaint about your account.
