Investors lose over ₹100 crore after US stocks sold without consent on Stockal: Report

Nearly 30 Indian retail investors have allegedly lost over ₹100 crore after their US stock holdings were sold without authorisation on Bengaluru-based Stockal Securities, Moneycontrol reported. Their investments in blue-chip stocks like Apple and Tesla were allegedly moved into a Chinese penny stock that crashed 60%. Investors claimed they received no alerts about the transactions.