United States - 68154
It was several years ago now that TD Ameritrade stole $1200 from me. They did it legally (technically). I had shares of IVAX which was being taken over by TEVA in a stock and cash merger. TD Ameritrade contacted me asking me to send my request by mail as to whether I wanted stock or cash. I requested the TEVA stock as it was worth much more than the cash offer. A couple weeks later TD cashed my out of my IVAX stock claiming they didn't receive any communication from me. Now they didn't make any further attempt to call, email, or otherwise contact me. They just paid me off in cash for my IVAX shares resulting in my losing approx. $1200 on the transaction and having to pay tax on the gain. Now you and I both know they paid me off in cash and requested the stock from TEVA and kept it for sale themselves resulting in a gain of $1200 for themselves. I complained to the SEC, TD Ameritrade, WSDFA, FTC, and others to no avail. A very nice lady from the Federal Trade Commission was the only one who tried to help. TD snubbed their noses at her too. Watch out for these TD Ameritrade crooks!!!
there seems to be money missing from my account at Scottrade. this may have happened more than once in the past year. when i brought this to their attention, so maybe we could try to figure out what had occurred, they essentially informed me that this was impossible. when i persisted, they informed me that my account would be closed, not allowing me to trade, essentially freezing the account. the reason " they could not provide the level of service i needed". thanks Scottrade.
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 charges EXTRA fess on sell trades! THEY ADVERTISE " STRIGHT FORWARD PRICING $9.99 PER TRADE, NO HIDDEN FEES!" These guys hide these fees, the only place you can find them is to go into reports, pull up your cost basis for any sale trade and you will see this charges in the far right hand column, the column header even states "FEE" CAN YOU SAY DECEPTIVE ADVERTISING!
This brokerage actually took from my account twice the amount that was due after a short trade dividend repayment. Not only that I have missed so many opportunities on their live trading platform. It's quite ridiculous and it's happened right after the branch have a new manager. I estimate I could have lost up to a thousand dollar due to their crazy Java software. I even experiment trapping the stocks to four orders in a 10 cents range and it stand still in that range for hour. This is one of the top volume stock traded of the day. I think they are scandalous and I will take my business elsewhere.
I have had an $8, 000 plus credit from trading show up as a debit. I had to argue for 1.5 hrs with managing broker before he contacted the tech department. Uncovered the mistake... and apologized.
Today, I am selling and all my stocks are up significantly (5 -27%) and the account shows almost no gains.
The first is bad enough. Please email [protected]@gmail.com if you have similar problems. I want to show cause for some forensic accounting via discovery.
I opened a individual cash account with TD Ameritrade on September 5th, 2008. I agreed to have TD Ameritrade...