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Two months after I requested my January options be exercised on UDR, Ameritrade reversed them and stole my $14,000 in profits. They cited an OCC memo, but since I requested the exercise, this memo shouldn't apply to me.
I have taken them to the Better Business Bureau and plan to take them to the SEC and court. I have heard this has happened to others with TDAmeritrade. If this happened to you, please let me know and we work together or at least share information. I'm recommending to my clients and others that you not work with TDA. They also would not release the "quality assurance" phone recordings where I requested the exercise. They are not using them in the way they promised, so this is another grievance. Since other brokers mislead investors by recording our voices under "quality assurance" pretenses and then consider them "proprietary" and use them only for risk management purposes, this could easily become a class action suit, so let me know if you have been subject to similar situations. Rating :
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| Subject | Author | Rating | Time of Post (ET) | ||
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Options execution problems with TD Ameritrade
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laurent_lab... | (1 Rating) | 1-Jul-09 08:49 am | ||
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You had to sign an arbitration agreement when you ...
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vijzfultink... |
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6-Jul-09 11:58 pm | ||
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You are right about the arbitrage agreement. ...
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laurent_lab... | (1 Rating) | 9-Jul-09 12:50 pm | ||
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That's quite interesting. Without readin...
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vijzfultink... |
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9-Jul-09 03:42 pm | ||
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Right on all accounts and great adv...
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laurent_lab... | (1 Rating) | 21-Jul-09 12:22 pm | ||
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Another interesting tidbit I l...
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laurent_lab... | (1 Rating) | 21-Jul-09 12:34 pm | ||
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the BBB has always been a...
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vijzfultink... |
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24-Jul-09 02:44 pm | ||
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Yesterday, I wrote t...
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laurent_lab... | (1 Rating) | 4-Aug-09 11:44 am | ||
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i dont know where i have been ...
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arrrrrrroug... | Rate it | 16-Aug-09 11:53 am | ||
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Well, knock US brokers down another...
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laurent_lab... | Rate it | 24-Sep-09 12:53 pm | ||
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You should really go through t...
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vijzfultink... | Rate it | 24-Sep-09 03:25 pm | ||
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I think this has less to ...
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laurent_lab... | Rate it | 27-Sep-09 10:06 pm | ||
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it's not too difficu...
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vijzfultink... | Rate it | 28-Sep-09 03:41 pm |
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