Incorrect broker statement - is broker liable?

[TraDaToR]

One time I got a refund from a broker because my trade was actually filled ( electronically) in the wrong expiry. I guess I would have suffered losses anyway...LOL. It was on ICE WTI before it became liquid.

An other time, I was trading quietly when the telephone rings. "So what's up? You leased a seat? I have got an Euribor pit trade showing on your account". I was solely trading CME ags, never traded interest rates and if I am right there wasn't even an euribor pit at the time. Anyway they allocated it to the right guy and the case was closed.

Have been pretty lucky with those broker errors so far...

 

[RosyScenario]

Hey @SideShowBob, take a look at @garachen's Profile page, his opinion may be biased on this topic. Consider paying him no mind.

 

[RosyScenario]

Is @garachen an ET vendor? He seems to be selling something.

 

[TraDaToR]

Yes, he is selling his knowledge for free.

 

[RosyScenario]

Yes, he is selling his knowledge for free.

It's not just that. On @garachen Profile page it says, "Looking to hire ambitious people ...."

 

[wintergasp]

It's not just that. On @garachen Profile page it says, "Looking to hire ambitious people ...."

I think the keyword is "hire". It'd be hard to sell something to the guy you pay a salary to, wouldn't it ?

 

[garachen]

For a second I thought I'd sold one of them my car. Then I remembered I gave it to him for free.

Had a bunch of Cuban cigars. Gave those away too.

I've only hired one person from ET several years ago. He's really good but it was probably a one time find. My profile is stale. I'll update it.

 

[RosyScenario]

I think the keyword is "hire". It'd be hard to sell something to the guy you pay a salary to, wouldn't it ?

I don't know, it seems like he's selling some type of "job" to me.

 

[Mtrader]

"Looking to hire ambitious people ...."

I would think this is bad to do. Ambitious people in general want to be their own boss. So as soon as they can stand alone they will not stay anymore. Why share things you can keep for your own?

 

[lovethetrade]

Futures trading is high risk for everyone involved and each party is accountable for any realised economic loss or loss of potential income they cause even though some parties do their very best to avoid accountability like it's business as normal.