And why do you need to use UBS Bahamas? Also, what are 20 seconds and 25 minutes? Doesn't make any sense. Execution takes less than a second, sometimes up to 2 seconds.
Exactly, and this is the core issue of our litigation - we used UBS Bahamas first because we are living here and at that time, in 2012, we were not familiar with USA's brokers, we were totally brainwashed by Suisse's banksters about the real side of financial service providers in the USA and afraid to put any money with them because they "most likely can close everyday and your capital will go".
Second, our income stop, so UBS's offers to Real Estate Collaterized Loan (RECL), sold to us by the family "friend' sounds attractive to us.
And then yes, nightmare begun and when we came to UBS and demanded to be refunded for those executions , with disastrous delays, they refused and started to squeeze us by presenting the false story in the court.
To answer the second part of your question 20sec 25min :
1. When we started work with them and signed for RECL we were obviously promised to have their famous electronic platform, which is TT's product, perfectly fine for us
3. After 4 months of loan arrogation, huge interests charged and no platform access we were told that only one way would be to place orders by email followed by calls. Fresh with the memory of catastrophic executions by Credit Suisse, Bahamas, we pretended by UBS to have written execution time -this was 20 seconds
4. I am skipping now many details of how they tortured us, to the point - 25 minutes was the execution time we get for a few trades! On high volumes ETF, with our order less than 1% of total volume. We never get 20 seconds, the fastest was a couple of minutes - it is lucky that all orders and executions were generated and confirmed by email, so we have the exact record. But we will have to persuade the court in the Bahamas that it is absolutely not normal.
You will ask, probably, but why simply not to use time and sells reports? Simply because UBS did not provide us with any, the same is CS, only their insiders' so-called traders advise - no exchange number, no clearinghouse name, no exact execution time, nothing. For this reason, we assuming it could be new Madoff's case generated in thBahamasas. Let's see - now judge ordered to produce all documents for a trial before the 30 August 2018. So far they ignored all our notices for production of documents which by Supreme Court rules of the Bahamas they must address within four days. Judge giving them a lot of time and, we hope and believe, getting his time to understand the volume of this drama.
5. We were refused DMA after 10 months, were told that minimum account for DMA is 5 mln$.
I know, it sounds unbelievable to me now. I also now that should we teach ET and the world before, instead of staying so isolated in the family, we would not be in so deep distress. Well, it is where we are now and moving slowly with the courts.
From the other side the abyss between industry services for clients who are coming with significant capitals through Suisse banksters is huge. I hope it will change, maybe our case will help.
Thank you for the interest.
