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I know. In retrospect, I probably should have stood my ground & waited for the forced sale. Then this would be an airtight case. But you know how it is, when big red ACCOUNT RESTRICTED warnings and threatening emails start pouring in, it's hard to be a rock.

Yes, yes, yes, yes and yes. For 3 days I repeatedly told Brownco this but was denied. This is heavily documented. That's why I have such a great case, according to the lawyer. Brownco, threatening legal action against me for failure to meet the fictitious margin call, left me literally no...

You presume that I wanted your opinion. Re-read my post, son. I was asking for tips on how to proceed, not your infantile & pedantic commentaries. *sigh* Same response applies to you, kid. You & Ebo go occupy yourselves with Playstation now, ok? The grownups are talking. That's a good...

I wish. They said they would, but they haven't followed through on that promise. So I just added that to the total price tag. Exactly, sir! The $7000 is simply the monetary equivalent of the difference in share price between the time of sale (Jan 25) and the time of the claim (Jan 31). NASD...

I think you missed my point: I sold the positions because they said I had to. Imagine the bank telling you that you have to sell your home; you sell it; then they say, "Oh, accounting error, sorry." You would want your damn house back, yes? Re: Brownco & serious trading. So you're implying...

Htrader, THANKS! That's the spirit. Yes, I suppose NASD arbitration is the way to go. I was hoping to find an alternate route, because their mediation process didn't instill me with the greatest confidence. (Brownco just said "no, thanks" and killed it right there.) I hope arbitration is...

I agree that my claim is tricky because it sounds like a case of "shoulda coulda woulda", but it's not: All I wanted was for them to negate the trade and return the securities to my account. Easy enough, right? Since the trade hadn't even finalized when I made the complaint. Instead, they...

Toronto, either you're joking or you're something of a rude ass. Remember "sarcasm is the lowest form of wit." Back on topic: maybe I didn't explain clearly enough. My broker told me falsely that I had a margin call. They restricted my account and would not allow me to open new positions...

Yeah, I didn't want to bore you guys with the details, so I kept it as generic as possible. But if you're curious... On Mon Jan 23 there was a restriction on my account due to a margin call. This was in error (they hadn't updated their system with options expirations the prior Friday yet). I...

Hi folks, I'm going through one hell of a mess with my broker (Brownco). Back in January they fed me a ton of erroneous/confusing information causing me to execute a trade I didn't want. The day after the trade, after I'd wised up, I contacted them to negate the trade, but instead I got the...

Gawd... you know... you're right. I could tear at Brownco, but what's the point in attacking a guppy that's about to be swallowed by a shark? (No disrespect to sharks intended) But what sort of options commissions can I expect if I go with a specialist? Currently I write about 120...

Haha, this thread makes perfect sense to me... as long as I ignore all of TrendReaction's posts! TR, I'm just ribbin ya ;) I think you're just too focused on the words credit & debit (which indicate an action), while all that matters is cash (which indicates a position). And yeah, you totally...

emjroll, I'm sure you meant to say Selling uncovered calls = UNLIMITED downside Right? If he sticks to selling puts, then his risk is only as great as if he were to buy the stock outright. Even less, because he can roll out/roll down/buy back the contracts. And that's why selling puts is...

Even though I agree that options are not for total newbies, I'll assume that lasner is experienced in trading and knows how to handle himself. So I say dive right in. Start small, of course, but do start. lasner, whoever told you to avoid buying options is 100% correct. Always sell (write)...

Way to go, cashmoney69. Your 1st experience sounds much nicer than mine. The first stock I ever bought was back in '96... a promising little airlines called ValuJet D'OH!!!!!!

Loza, can I give you a jailhouse stock tip? Payless Telecom (SOAP). When it drops, you do not want to be uncovered.

Oh I believe you on that, iceman1. I talked to someone named Sterling. This person did not seem to be at all familiar with options trading. Twice I requested to be forwarded to an options specialist, but they couldn't even do that. TrendReaction, thanks for the informative post. Lotta good...

Thanks, gang. My broker was so adamant, for a while there I was starting to believe I was wrong. sputdr, yes, I did lose a chunk of money on the deal. I got assigned 2000 shares, and the stock's been down since. I've lost ~$900 which isn't the end of the world, but I refuse to lose a dime for...

Hey, that's the first thing that's made me feel good all day. Coulda been worse...

Haha, yeah I was just saying 'X' to be generic. The actual stock is APOL (and due to the fact that I couldn't buy back my puts, I'm stuck with 2000 shares of this turkey). But MTE you're right... the 1st thing they would do is liquidate my positions, which is what I was trying to do on...