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Report: #1273878

Complaint Review: Alliance Direct Management - New Delhi Internet

  • Submitted:
  • Updated:
  • Reported By: Azaad — Muscat Oman
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  • Alliance Direct Management 1213, Kailash Building, K.G. Marg,connaught Place, Internet India

Alliance Direct Management Frank Pommella,William Roberts,David Hughes,Patrick Sullivan,Amanda Bennett Alliance Direct Managemet and all their staff reported herein are refusing to sell my shares and return my money after repeated requests in writing. New Delhi DELHI

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In October 2012 I was contacted telephonically  by Alliance Direct Management (ADM) clients relations executive, an Amanda Bennett and senior accounts executive Patrick Sullivan offering knowledge and investment of share trading with a company called Aster Exploration.They mentioned that this company was well researched and well placed in thier gold exploration expansion programme and due to their growth they were selling shares for this company. I did purchase 4,607 ASTOR Exploration Corp. shares for the value of  USD 10,799. I paid the money  into PING AN BANK, SHENNAN DONG ROAD, SHENZEN, CHINA, benficiary name of ADM Ltd, Swift code SZDBCNBS, USD Account ***************************, EURO Account **************************. ADM issued me with the brokerage forms, receipt for the payment, newsletters confirming the transaction. In September 2013 i requested ADM to sell my shares and pay me out in view of funds needed by me to support a  serious family circumstance in South Africa. ADM refused with the reason they cannot sell my shares as the portfolio of 4,607 shares is too small a batch. I sent repeated requests since 2013 and again in 2014 and until  now but ADM refused to sell my shares and pay me out with the reason that the portfolio is too small to sell and there are no buyers.i was recently made redundant from my job and provided this as my reason to sell my shares and ue the money to pay me debts, ADM still again refused to sell my shares. I even reported ADM to the Indian Securities Exchange for relief but they did not respond.I believe and suspect that ADM are operating illegally and ripping off people and they need to be prosecuted.

This report was posted on Ripoff Report on 12/12/2015 10:42 PM and is a permanent record located here: https://www.ripoffreport.com/reports/alliance-direct-management/internet/alliance-direct-management-frank-pommellawilliam-robertsdavid-hughespatrick-sullivana-1273878. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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