One for the ages: I owe Etrade $106k, ouch.

I am sure they could at least verify that he had an account there and that the account is now suspended.

That would be scary. So many hackers have information on millions of Americans. They can then contact every brokerage and then map out a plan of attack that way.
 
That would be scary. So many hackers have information on millions of Americans. They can then contact every brokerage and then map out a plan of attack that way.

Not disagreeing but think it is scary. I am thinking of spreading across 10 brokers so that I am under the SIPC limit for each one. Scottrade got hacked.
 
That would be scary. So many hackers have information on millions of Americans. They can then contact every brokerage and then map out a plan of attack that way.
Knowing only the name is useless. Now, having the account number would be something else.
 
But I wouldn't donate because he wants to trade again and thinks stops will protect him. He needs to gain a better understanding of what went wrong.

Yes. Instead of seeking money, people ought to seek to develop a nuanced understanding. With the wisdom to intelligently direct their consistent effort, money follows. Finding the right influences to guide me towards this path was key - yet I wasted so much time floundering and there seemed to be a large element of luck involved.

There is a distinction between helping and enabling: buying someone out of trouble can often set them up for more pain and bewilderment as they repeat the mistake. Well intentioned help can become hindrance.
 
Likely a hoax. Story doesn't make sense. Trader wanted to keep trading small so as to not lose 37K. Yet, was short Biotech. Tale doesn't ring true.
 
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