Disabled clients lost $500K in TD Ameritrade chatroom: filing

These fraudsters have moles or fake user id to con you into buying their stocks working the 'streets' now 'internet forums or chatrooms. like in yahoo, facebook etc and some in elitetrader., ETF, they are hired by market makers or the firm running the stock known as 'promoters'. these are not retail investors or amateur traders, these are professional 'conman' like Trump.

Who cares if they are 'disabled',,thousands of people get ripped off. okay. they are what you call easy prey. or eat what you kill. these are sharks and snakes selling snake oil.
 
marketraiders said:
These fraudsters have moles or fake user id to con you into buying their stocks working the 'streets' now 'internet forums or chatrooms. like in yahoo, facebook etc and some in elitetrader., ETF, they are hired by market makers or the firm running the stock known as 'promoters'. these are not retail investors or amateur traders, these are professional 'conman' like Trump.

Who cares if they are 'disabled',,thousands of people get ripped off. okay. they are what you call easy prey. or eat what you kill. these are sharks and snakes selling snake oil.
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You can apply that logic to every bag holder that has bought at a top before a recession. Should those people get their money back as well? They were duped into buying at the top
 
recession2016 said:
You can apply that logic to every bag holder that has bought at a top before a recession. Should those people get their money back as well? They were duped into buying at the top
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Well, there is the reasonable claim that buyer beware is written in legalese so convoluted that not even supreme court justices nor Harvard legal think-tanks agree on what they mean, while advice on how to trade is given in plain English step-by-step instructions.

That contact vs. plain English dichotomy plays out every single day at my insurance job...
 
I remember those chatrooms from when I started at TOS. I spent some time in the two rooms mentioned in the filing... ShadowTrader and FirstWave.

Crazy the things people will do with their money. I remember one guy in the FirstWave room had been averaging into bear ETF's based on the prevailing room sentiment and was way underwater and hadn't told his wife yet. Then he was trying to make back some of the losses with futures daytrades and lost even more. Then mentioned that when he and the wife were at couselling the therapist (unaware of his trading results) said that his trading hobby was a good thing for him. LOL!

On a related note I saw this blog about stocktwits over the weekend: https://www.tradingschools.org/reviews/stocktwits/
 
Here's the money quote -- they lost all their money following TA gurus --

The trades followed “constant, real-time transaction recommendations, based upon what the leaders of the ‘chat rooms’ saw coming in the next few minutes with their ‘technical work,’” according to the filing.
 
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