New Delhi, Nov. 5 -- Nearly 30 retail investors have allegedly lost more than Rs.100 crore in a suspected trading scam involving Bengaluru-headquartered fintech platform Stockal Securities, after their accounts were reportedly accessed without authorisation and their US stock portfolios liquidated, Moneycontrol reported.

The news outlet reported that the affected investors told that their holdings in major American companies were sold without their consent on October 15, with the proceeds allegedly used to purchase large quantities of thinly traded Chinese stocks. The transactions reportedly resulted in substantial losses to their investment portfolios.

Stockal Securities is a Bengaluru-based fintech platform registered with the Securit...