Jils parmar
New member
- Dealer Name
- PAZAGO TECHNOLOGIES PRIVATE LIMITED
- Company Name
- Precize
- Customer Care Number
- 7738336457
- Loss Amount
- 31001
- Ratings
- Opposite Party Address
- 547/15, Tapasya, 1st Floor, A Block, Near VI Store, Shakar Nagar, Bangalore, Karnataka, 560092.
I am writing to file a formal consumer complaint against Precize (Precize Investment Platform) and its associated promotional channels for misleading advertising, unfair trade practices, and causing financial loss to me.
I came across multiple promotional videos on YouTube created by influencers and finance content creators who were promoting the Precize app as a platform where retail investors could easily buy and sell shares of unlisted companies. These videos gave a clear impression that investments made through the app were liquid and that investors would be able to exit when needed.
Influenced by these promotions, I invested ₹30,000 through the Precize app in unlisted shares. However, after completing the investment, I discovered that there is no proper selling mechanism or exit option available on the platform. My money is now stuck, and I am unable to sell the shares or recover my funds.
Later, I found that some of the so-called “sell” videos shown online are actually related to share transfer, not real market-based selling. This is highly misleading for small investors like me. At no point was I clearly informed about the lack of liquidity, lock-in risks, or the practical difficulty of selling these shares.
I believe this amounts to:
• Misleading advertisement
• Unfair trade practice
• Lack of proper risk disclosure
• Financial misrepresentation to retail investors
Because of this, I am facing mental stress and financial difficulty as my invested money is blocked without a clear exit option.
I request the authorities to:
1. Investigate the business practices of Precize and its promotional partners.
2. Take action against misleading financial promotions on YouTube and other platforms.
3. Help me in getting a proper exit or refund for my invested amount of ₹30,000.
4. Ensure that such platforms provide clear risk disclosures to protect small investors in the future.
I came across multiple promotional videos on YouTube created by influencers and finance content creators who were promoting the Precize app as a platform where retail investors could easily buy and sell shares of unlisted companies. These videos gave a clear impression that investments made through the app were liquid and that investors would be able to exit when needed.
Influenced by these promotions, I invested ₹30,000 through the Precize app in unlisted shares. However, after completing the investment, I discovered that there is no proper selling mechanism or exit option available on the platform. My money is now stuck, and I am unable to sell the shares or recover my funds.
Later, I found that some of the so-called “sell” videos shown online are actually related to share transfer, not real market-based selling. This is highly misleading for small investors like me. At no point was I clearly informed about the lack of liquidity, lock-in risks, or the practical difficulty of selling these shares.
I believe this amounts to:
• Misleading advertisement
• Unfair trade practice
• Lack of proper risk disclosure
• Financial misrepresentation to retail investors
Because of this, I am facing mental stress and financial difficulty as my invested money is blocked without a clear exit option.
I request the authorities to:
1. Investigate the business practices of Precize and its promotional partners.
2. Take action against misleading financial promotions on YouTube and other platforms.
3. Help me in getting a proper exit or refund for my invested amount of ₹30,000.
4. Ensure that such platforms provide clear risk disclosures to protect small investors in the future.