Sukhadeo Bhil is not your usual stock market guy.
He doesn’t sit in front of a computer watching prices go up and down, nor does he know much about charts or complex trading stuff.
He lives in a small town in Maharashtra and works as a farmer.
But like many others, he thought maybe he could earn a little extra money from the share market, if someone could help him.
And that “help” came. Or at least, that’s what it looked like at first.
The Beginning: Big Promises from a “Helpful” Voice
It all started with phone calls. A man named Vishnu told Sukhadeo he was from IIFL Securities, a big name in the stock market world.
Vishnu said, “Sir, your old losses? I can help you recover them. Just open a new account and put in some money.”
He even sent screenshots of people who had made big profits with his help. He kept calling, kept promising. “Guaranteed profit, sir. Just trust me.”
And after some time, Sukhadeo believed him.
Money Goes In. But Not How You’d Expect.
Between July and September 2024, Sukhadeo deposited over ₹14 lakh into his trading account.
He thought experts would now trade on his behalf and help him recover his money.
But what really happened was shocking.
They made of Hundreds of trades in his account in just a few minutes, sometimes 700 trades in just 66 seconds. That’s not human speed. And more importantly, he didn’t even know these trades were happening.
They weren’t intended to grow his money but to grow their incentives through high brokerage.
The Brokerage Trap: ₹9 Lakh Gone in Just Fees
In today’s world, many brokers charge ₹20 per trade.
But here? Sukhadeo’s account lost ₹9.13 lakh just in brokerage fees. That’s right, more than half of his total loss was just charges.
This is called “brokerage churning”. In this, trades are made again and again, not for your profit, but for theirs.
And in Sukhadeo’s case, it wasn’t just wrong. It was heartless.
The Pressure Never Stopped
Even after losing money, they kept pushing him.
“Sir, if you had added more money yesterday, you would’ve made ₹50,000.”
“Don’t stop now, the next trade will bring profits.”
“Tell your family not to worry, we’ll recover everything.”
This was not advice. It was pressure. Fear. And lies.
All the while, the people doing these trades were earning their commissions.
IIFL’s Reply? Not Our Problem.
When Sukhadeo finally raised his voice. That was when he reached out to us.
He felt confused and stressed, unsure how to get his money back.
We knew we had to act fast and took the case into arbitration (a legal way to solve disputes). But there in the arbitration, IIFL said, “We’re not responsible.”
They said Vishnu and Vishal were not their employees.
Further they added that Sukhadeo gave his password, so it’s on him.
They said he agreed to the charges, so nothing was wrong.
But that wasn’t true. And luckily, the Tribunal didn’t believe them either.
It was then that our team submitted proof of every trade, every charge, every message. Also, we showed WhatsApp chats, audio recordings, screenshots, contract notes, and everything.
We didn’t just show numbers. We told the full story, how the broker’s executive pushed & misled him for more trades. And finally, it worked.
Justice at Last: ₹14.37 Lakh Ordered to Be Returned
The arbitrator took his time. He looked at all the details.
And in the end, the truth won.
IIFL was ordered to return ₹14,37,200 to Sukhadeo, the full amount he had lost.
And most importantly, the tribunal made it clear: brokers are responsible for the people they appoint. They can’t just say “not our employee” and walk away.
Why This Story Matters
This isn’t just about one farmer in one village.
There are hundreds, maybe thousands, of people like Sukhadeo out there.
People who are told, “Just invest, we’ll do everything.”
People who are shown fake promises. Pressured to deposit more. Given hope, and then left empty-handed.
This time, someone stood up. This time, the small guy fought back. And this time, he won.
We’re proud we could help.
Because justice isn’t just for those who understand the market. It’s also for those who were never meant to be in this mess in the first place.
