old woman smart enough to accum 17000 AAPL shares but too dumb to know this ?

[TheDawn]

https://www.barrons.com/advisor/art...cle-arbitration-loss-51660929100?mod=hp_DAY_8

WTF?

Yes ma'am , someone will pay you money but there's no risk to you and your beloved aapl shares will never leave your bosom.

They should have fined her for filing the lawsuit

Are you kidding me??!! It's Charles Schwab and Pinnacle that totally swindled her out of her shares by lying about the risk of the covered-call strategy. They knew very well that the covered call strategy could end up with her being forced to sell her shares which she clearly stated that she did not want to sell because it's obvious she relies on the dividends being paid on the AAPL shares as her income but went ahead anyway and invested in the options strategy which is hardly an income-generating strategy. What a$$holes, Charles Schwab and Pinnacle!!! Glad that FINRA in this case sided with the old lady and compensated her for the loss that she should've never had to incur in any circumstances.

Whether she has any knowledge about the options strategy is irrelevant here. She told them clearly her AAPL shares are not to be sold under any circumstances and they sold her shares and that's a violation of their fiduciary duties to her.

 

[easymon1]

Man, I thought you were smarter than this.

You think arbitrators are doting idiots? They're usually made up of retired judges. They don't just second guess what might have been.

Although the qualification varies by states, this is more or less the case for most.

View attachment 292867

Yeah, I rely on written documents to avoid expensive pissing matches requiring $400 an hour lawyers. lol.
Due dilligence, Buyer beware, there's a sucker born every minute and two to take 'em, and so on and so on.
What is so dumb about that my man?

 

[easymon1]

Are you kidding me??!! It's Charles Schwab and Pinnacle that totally swindled her out of her shares by lying about the risk of the covered-call strategy.

Does she have written proof that goes counter to signed documents on file that authorize those snakes to act on her behalf? Allegedly, Does not sound like she does.
Not to worry she may still beat the swindlers, but some due dilligence and common sense would have kept her tit outta the wringer. She is scapegoating bigtime. She's playing "Look what you made me do!" game, a classic.
Lawyers love people like her, lol.
Rhinestone boots, Big shiny cars, 4 car garage and we're still adding on, it adds up for both sides win loose or draw. Good Times for the Lawyers, Arbsterbators, Judges, bailifs, etc etc etc, let 'em roll baby.

 

[easymon1]

https://www.barrons.com/advisor/art...cle-arbitration-loss-51660929100?mod=hp_DAY_8

WTF?

Yes ma'am , someone will pay you money but there's no risk to you and your beloved aapl shares will never leave your bosom.

They should have fined her for filing the lawsuit

J=Mo, tell me.
Was that old hen really smart enough to accum 17000 AAPL shares or did she outlive or get half of her hubby's work product and not have a clue WTF's goin on?

If she got it instead of Bought it, that would splain a hellofa lot, lol.

Makes me wish I was her lawyer, she may be smarter than a 5th grader, but not so you can tell it.

 

[Scataphagos]

https://www.barrons.com/advisor/art...cle-arbitration-loss-51660929100?mod=hp_DAY_8

WTF?

Yes ma'am , someone will pay you money but there's no risk to you and your beloved aapl shares will never leave your bosom.

They should have fined her for filing the lawsuit

Hate to agree with you J=Mo, but I sorta do.

1. Her advisers were dumb and greedy.... they really shouldn't lie to a little old lady just so they can make some commission.
2. They should have told her, "if your shares are called away, you can buy them back with the proceeds" (tax considerations not withstanding).
3. How much was she harmed? She got the proceeds of the sale, so I don't see how she was harmed "$800K worth".

 

[murray t turtle]

https://www.barrons.com/advisor/art...cle-arbitration-loss-51660929100?mod=hp_DAY_8

WTF?

Yes ma'am , someone will pay you money but there's no risk to you and your beloved aapl shares will never leave your bosom.

They should have fined her for filing the lawsuit

%%
Most of those go in favor of company simply because they tend to be careful + like staying in business....................................
AS far as putting 99% of her assets in even a good tech stock?? WOW ever heard of the reason for diversification??
Wonder if they promised that to her in writing ?? Possible\ but not likely.
Arbs tend to go faster + cheaper than lawsuits, in theory

 

[JackMorgan]

Are you kidding me??!! It's Charles Schwab and Pinnacle that totally swindled her out of her shares by lying about the risk of the covered-call strategy. They knew very well that the covered call strategy could end up with her being forced to sell her shares which she clearly stated that she did not want to sell because it's obvious she relies on the dividends being paid on the AAPL shares as her income but went ahead anyway and invested in the options strategy which is hardly an income-generating strategy. What a$$holes, Charles Schwab and Pinnacle!!! Glad that FINRA in this case sided with the old lady and compensated her for the loss that she should've never had to incur in any circumstances.

Whether she has any knowledge about the options strategy is irrelevant here. She told them clearly her AAPL shares are not to be sold under any circumstances and they sold her shares and that's a violation of their fiduciary duties to her.

Certified idiot.
Another add to my collection

"it's obvious she relies on the dividends being paid on the AAPL shares as her income"

17,000 shares of aapl and she relies ? And the stonk was in a fukking roth so no tax on the sale .

 

[maxinger]

Are u margin gamble?

Both of you Are unlikeable.

Both of you lost lots of money from trading and as such you become angry , mad negative, frustrated.

Learn to be kind and positive

 

[easymon1]

17,000 shares of aapl and she relies ? And the stonk was in a fukking roth so no tax on the sale .

Ya know J=Mo, I'm starting to think this old broad 1) did not Earn the money to 2) Buy those 17000 AAPL shares, but rather 3) Won the Marriage Lottery and Got Fabulous Parting Gifts from her Spouse and 4) did not have a freakin' clue about what she was doing, and 5) had paperwork on file conferring her consent to Give Control to One Punch Mickey, 6) got Proper Fucked, e.g.

7) and now she's playing the game - "Look what you made me do!" and 8) One Punch Mickey don't give a shit because 9) the firms lawyers give him a kickback for actually providing them some business 10) and right on down the line...
Next Victim Please, Yea you mam. Sorry to hear about your poor deceased Spouse, Now here's what can Change Your Life, madam...What We Recommend is that if we can move quickly enough on an opportunity of a lifetime..., nudges his trainee under the conference table... bla bla bla, 11) another one bites the dust, 12) NEXT!

 

[MacBookProHo]

There's absolutely no one to blame in the market for gains or losses, other than completely, just, yourself.

I hate self-righteous sheep who sue for losses they suffer.
Similar to suing McDonald's for the hot coffee that spilled on your dick or pussy while driving the car. It's your dumb, innocent, fault.