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TD Ameritrade / Theft of $15,000

1 United States Review updated:
Contact information:

On 1/16/09 TDA confirmed in writing multiple times that I shorted UDR at $25/share and assigned it Transaction # XXXXXXXXXXX and CUSIP #XXXXXXXXX. $19, 979.89 was credited to my account.

On 3/17 at 09:39:01 I bought 800 shares of UDR at $7.40 to cover my position. Transaction #XXXXXXXXXXX and the same CUSIP Number proved that these were the same shares I had shorted. $5, 929.95 was deducted from my account. TDA provided multiple confirmations that my cover of the short was executed.

On 3/28, two months after the exercise of the option, I was told by a TDA manager that these profitable trades were going to be reversed.

The President's office has repeatedly denied my requests for the money to be replaced in my account.

I have reported them to the Better Business Bureau and on their recommendation to the SEC and the Maryland Attorney General who are investigating the case.

TD Ameritrade

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  • Us
      17th of Dec, 2009
    0 Votes

    I LOVE TD Ameritrade and to be honest am shocked to hear about this. This is my first experience and I am stunned to hear that this matter is being investigated. They have been very friendly with me and I do not know how this could have happened. I hope that your problem gets resolved soon.
    Thank you

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