I'm a victim of serious online fraud at brokerage

Quote from jck_2378:
TD waterhouse allowed the intruder to overdraft my cash account to an amount of negative $150,000, all used to buy WOLV stock. My cash balance after this fraud then showed negative -$150,000, is this normal for a cash account?
More...
I don't know about TDW specifically, but some brokers allow you to overdraw your account because you're allowed 3 days to send them the money. One of my brokers where I have a margin account makes most orders go through a manual approval process once you go over your overnight buying power, yet they still never denied me a trade and even let me go over my daytrading buying power once, though this was never indicated on the platform - I didn't know until the next day, when I discovered my buying power was down to 2x.
 
I stand with what I said. And I can tell you this is good advice. sue me! note item #3 and I do not take advice from novices, thank you very much...

Michael B.


Quote from cosine:

And here's an advice for you Michael B.:

Never give legal advice unless you are a lawyer.

Under no circumstances does exiting the position will break the victim's case. Financial transactions are recorded. Not exiting the position can only hint that the victim did want to buy the stocks, or that he is waiting for an outcome to see if he gains or loses before actually asking for damages.

Very bad advice.
More...
 
so we are on trial now?....I haven't even seen the discovery?


Quote from zdreg:

you are both giving legal advice. neither one of you is giving a citation for your opinion.
More...
 
Quote from ElectricSavant:

I stand with what I said. And I can tell you this is good advice. sue me! note item #3 and I do not take advice from novices, thank you very much...

Michael B.
More...

since u think it is good advice cud u give us u logic behind that opinion[?]

tia
 
Quote from Bitstream:

since u think it is good advice cud u give us u logic behind that opinion[?]

tia
More...

wrong question. the law is not based upon logic in the way that a non lawyer understands it and it is not always clear to lawyers either.
 
Well I made three bullets...now drop this Eubonics crap if you intend for me to reply...


Quote from Bitstream:

since u think it is good advice cud u give us u logic behind that opinion[?]

tia
More...
 
Heck we do not even know if arbitration is required in Canada and a part of the client agreement.

Perhaps zdreg knows, I believe he is an attorney...
 
You must log in or register to reply here.
Back
Top