Regarding reversal trade

Hello everyone
I have small problem,if anyone give solution it will be helpful
I gave my demat account details(account handling)to adviser company person
That person done reversal trades in my account
Now brokerage calling me and maybe i got huge penalty for that is there any solution?
Or i got to pay penalty how much it will be?

1 Like

Pay penalty.

How much can we expect.?.because they didn’t give any clarification yet

Do you mean to say you got short delivery?

Then it depends on the auction market and the kind shares you traded.

But since this is a small problem, just forget about it.

Hy @Hk_r

Hopefully lesson learnt :crossed_fingers:

You can provide your response and explain. Penalty shall depend on how serious the exchange considers it,there are no definite grounds.

what is reversal trade ?

You can refer here, Why did Zerodha send an email seeking clarification for the reversal trades?