Problem recovering my funds from Globus Trading LLC

Quote from zdreg:

you might be surprised how many newbies and future newbies react to this thread
at this point I wouldn't be surprised about anything. You'd be surprised how much a guy can lose thinking he's probably doing the right thing. I like trading, but they don't need to throw me a "Surprise Party" everyday.

I would have been better off if the broker just took all my money and locked it up.

Then I would be dealing with the SEC instead of the market.
 
Quote from traderefe:

Finally received a response from the BBB that they are looking into it my problem. I advice any trader having the same problem than me with Globus, file a complaint with the BBB so they get a feel of the seriousness of the problem.

Talked to the police and they advised me to also place a complaint with the Consumer Protection Agency and after that go to civil court.

So that’s the plan

The Ontario Securities Commission has a simple online form to file a complaint, check it out:

http://www.osc.gov.on.ca/documents/en/Investors/frm_20100818_complaint_en.pdf

Their site even gives you the contact info for filing a small claims dispute:

Small Claims Court

Up to $25,000
You can choose to have legal representation but it is not required
Generally faster and less formal than the Superior Court of Justice
Decisions are binding but may be appealed



See the blue pages in your local telephone directory or contact The Ministry of the Attorney General
Tel: (416) 326-2220
Website:
www.attorneygeneral.jus.gov.on.ca

There are options besides civil court. Like the op stated, the only ones who come out ahead in civil court are the attorneys.

Take the least cost route, and hopefully others will follow your lead and file their own complaints.

It was ONLY through a group effort that created enough of a stir that resulted in a bunch of us to recover our funds from Team Trading.

Remember, the owners at Globus are probably counting on the fact that most will simply do nothing.
 
Quote from oldtime:

sounds like it is no matter of the money anymore, but just the principle of the whole thing. That's exactly how that little old lady made 3 Million Dollars from McDonalds when she got burned by the hot coffee.

Hope you don't get lost in the court system and they get the best of you.

I always like it when the little guy just keeps fighting and doesn't give up.

I suppose in the end, the lawyers are the only ones who come out profitable. But I hope you get something out of these guys who clearly screwed you.

Later, we can talk about your stupidity of opening an account with them. But that is not the isssue anymore.

I want to see the owner of that firm broke, destitute and humiliated. Or at the very least, you made whole (including time lost on your money.)

If they give me my funds back I'm ok. It's not a crusade, just want what belongs to me and I let it rest.

But if they keep on acting like thieves I'll keep on trying. Maybe give them at least a little headache, although people like them with no scruples don't care.
 
Quote from oldtime:

oh yeah, like getting badmouthed on ET is really a serious deal

It's not so much about them minding getting "badmouthed" here, It's about letting others know about their scam and getting advice on how to proceed.

I'm aware the odds of getting my funds back are slim to none, after all we trade, it's all about the odds.
 
Quote from zdreg:

you might be surprised how many newbies and future newbies react to this thread

that’s part of the point of the thread, to make aware potential new client what they're getting into.

like I mentioned at the beginning, they give good service till you want your funds back, then they cut you off.
 
Quote from ScalperJoe:

The Ontario Securities Commission has a simple online form to file a complaint, check it out:

http://www.osc.gov.on.ca/documents/en/Investors/frm_20100818_complaint_en.pdf

Their site even gives you the contact info for filing a small claims dispute:

Small Claims Court

Up to $25,000
You can choose to have legal representation but it is not required
Generally faster and less formal than the Superior Court of Justice
Decisions are binding but may be appealed



See the blue pages in your local telephone directory or contact The Ministry of the Attorney General
Tel: (416) 326-2220
Website:
www.attorneygeneral.jus.gov.on.ca

There are options besides civil court. Like the op stated, the only ones who come out ahead in civil court are the attorneys.

Take the least cost route, and hopefully others will follow your lead and file their own complaints.

It was ONLY through a group effort that created enough of a stir that resulted in a bunch of us to recover our funds from Team Trading.

Remember, the owners at Globus are probably counting on the fact that most will simply do nothing.

Exactly, and I've gotten a couple of responses of people going through the same thing I am. So I'm not the only one.

That's why i mentioned it was a mini-madoff scam. Globus owners living by scaming their clients.
 
Quote from traderefe:

that’s part of the point of the thread, to make aware potential new client what they're getting into.


Right, creating the awareness has value. I didn't know about Elite Trader before sending funds to an unregistered firm. I and many others have later said "had I read the posts, I would not have sent in my risk deposit..."

It's the unregistered firms giving this industry a black eye. There are many solid firms in this business, everyone is not a scammer.
 
Quote from traderefe:

If they give me my funds back I'm ok. It's not a crusade, just want what belongs to me and I let it rest.

But if they keep on acting like thieves I'll keep on trying. Maybe give them at least a little headache, although people like them with no scruples don't care.
well, it may not be a crusade for you, but it's a crusade for us. We want to see these guys nailed to the wall. I want them beaten in public with their wives and children watching, so they will know the kind of despicable sperm they have been infected with.

And that is why, even though I am a good man, god does not allow me to have his powers.
 
Quote from traderefe:

I've got 3 different addresses from different people including yourself:

Globus Trading LLC
166 Grenadier Cres,
Thornhill, ON
L4J 7V6


Nice neighbourhood.

<iframe width="700" height="350" frameborder="0" scrolling="no" marginheight="0" marginwidth="0" src="https://maps.google.ca/maps?q=166+Grenadier+Crescent,+Vaughan,+ON&amp;hl=en&amp;sll=43.576411,-78.969727&amp;sspn=1.468452,2.469177&amp;t=h&amp;hnear=166+Grenadier+Crescent,+Vaughan,+York+Regional+Municipality,+Ontario&amp;layer=c&amp;cbll=43.817954,-79.462996&amp;panoid=M1fWrOnW4A5WWkYUJtZBMA&amp;cbp=12,46.83,,0,-6.79&amp;ie=UTF8&amp;hq=&amp;ll=43.817858,-79.462333&amp;spn=0.001428,0.002411&amp;z=14&amp;source=embed&amp;output=svembed"></iframe><br /><small><a href="https://maps.google.ca/maps?q=166+Grenadier+Crescent,+Vaughan,+ON&amp;hl=en&amp;sll=43.576411,-78.969727&amp;sspn=1.468452,2.469177&amp;t=h&amp;hnear=166+Grenadier+Crescent,+Vaughan,+York+Regional+Municipality,+Ontario&amp;layer=c&amp;cbll=43.817954,-79.462996&amp;panoid=M1fWrOnW4A5WWkYUJtZBMA&amp;cbp=12,46.83,,0,-6.79&amp;ie=UTF8&amp;hq=&amp;ll=43.817858,-79.462333&amp;spn=0.001428,0.002411&amp;z=14&amp;source=embed" style="color:#0000FF;text-align:left">View Larger Map</a></small>
 
Quote from diaoptions:

Nice neighbourhood.

<iframe width="700" height="350" frameborder="0" scrolling="no" marginheight="0" marginwidth="0" src="https://maps.google.ca/maps?q=166+Grenadier+Crescent,+Vaughan,+ON&amp;hl=en&amp;sll=43.576411,-78.969727&amp;sspn=1.468452,2.469177&amp;t=h&amp;hnear=166+Grenadier+Crescent,+Vaughan,+York+Regional+Municipality,+Ontario&amp;layer=c&amp;cbll=43.817954,-79.462996&amp;panoid=M1fWrOnW4A5WWkYUJtZBMA&amp;cbp=12,46.83,,0,-6.79&amp;ie=UTF8&amp;hq=&amp;ll=43.817858,-79.462333&amp;spn=0.001428,0.002411&amp;z=14&amp;source=embed&amp;output=svembed"></iframe><br /><small><a href="https://maps.google.ca/maps?q=166+Grenadier+Crescent,+Vaughan,+ON&amp;hl=en&amp;sll=43.576411,-78.969727&amp;sspn=1.468452,2.469177&amp;t=h&amp;hnear=166+Grenadier+Crescent,+Vaughan,+York+Regional+Municipality,+Ontario&amp;layer=c&amp;cbll=43.817954,-79.462996&amp;panoid=M1fWrOnW4A5WWkYUJtZBMA&amp;cbp=12,46.83,,0,-6.79&amp;ie=UTF8&amp;hq=&amp;ll=43.817858,-79.462333&amp;spn=0.001428,0.002411&amp;z=14&amp;source=embed" style="color:#0000FF;text-align:left">View Larger Map</a></small>
yeah, I suppose, if you like living close to other people, that's not really how we do it here in Indiana, those kind of neighborhoods are just for dumbshits that can't figure out how the deal works.
 
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