Question about lawsuit for broker

You need to stop talking shit. You are a smart guy and I agree and "like" many of your posts but you gotta stop this obnoxious shit. I never sided with anyone in this thread. I said what I said, I tried to portray a balanced view. I do not care whether OP is a nutcase or not. I only stated that when a brokerage answers the phone anything that is said by anyone at the brokerage can have serious legal repercussions which is precisely the reason every conversation is recorded as demanded by law.

OP stated that he was handed from one "advisor" to another. If he called tech support that is different. You are putting words in his and my mouth. I go with what he said he did. I do not even care whether that is true or not, that is for him and his legal adviser to figure out. I stated that, given what he said is correct, the guys on the broker's side can be held legally accountable for ANYTHING they say and recommend.

destriero said:
1) You believe Lasner, so what else is there to say...

2) That is the definition of tech-support. It's not advice. Who is more likely to get it wrong? Lasner (full stop dipshit) or a guy who deals with r****** like this every day?

IB forces arbitration. They will bring the tape to the hearing. Lasner loses. Plus, they will put him on closing only and let him twist in the wind until he wires out.

https://www.interactivebrokers.com/en/software/am/am/manageaccount/futuresarbitrationagreement.htm

And yeah, everyone signs the AA.
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JSOP said:
It's not an issue of not knowing our rights. We KNOW our rights and we know they are crap and are negligent. The issue is the legal cost and time. Even with Small Claims, you have to consult a lawyer, gather everything, write and send by registered mail a demand letter without prejudice, go to a court to file the case, and then wait, and then go to the court, present everything and hope you win or the other party doesn't show up. For all those legal costs and time, we would've made $$'s if we had just moved on.

We are professional TRADERS here. Our job here is to trade and make money, not to go after brokers for whatever their crap. We know they are crap, we just use their software to send orders for their cheap commissions. If we want impeccable service, we go for full-service brokers.

You want to teach people how to sue, you are in the wrong forum buddy.
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No it does not. It costs $180, that is it. It does not take a lot of time and it is not hard. You just don't know your rights or business or what you are entitled to. Don't take any offense but you are not a professional trader. You do not know probability theory, you do not understand finance and you do not understand business. This is probability theory -
 
lasner said:
No it does not. It costs $180, that is it. It does not take a lot of time and it is not hard. You just don't know your rights or business or what you are entitled to. Don't take any offense but you are not a professional trader. You do not know probability theory, you do not understand finance and you do not understand business. This is probability theory -
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I know the probability of me profiting from my trading is higher than winning from whatever court after wasting all my time and legal cost. Trust me I have been to court.
 
DiceAreCast said:
You need to stop talking shit. You are a smart guy and I agree and "like" many of your posts but you gotta stop this obnoxious shit. I never agreed with anyone. I said what I said, I tried to portray a balanced view. I do not care whether OP is a nutcase or not. I only stated that when a brokerage answers the phone anything that is said by anyone at the brokerage can have serious legal repercussions which is precisely the reason every conversation is recorded as demanded by law.

OP stated that he was handed from one "advisor" to another. If he called tech support that is different. You are putting words in his and my mouth. I go with what he said he did. I do not even care whether that is true or not, that is for him and his legal adviser to figure out. I stated that, given what he said is correct, the guys on the broker's side can be held legally accountable for ANYTHING they say and recommend.
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In regards to my litigation you have negligence on the part of the broker, that is agreed. When you call a broker for their software and they give advice and they mess up it's on them. Then you have the contract that you singed with the broker. In the contract they state they are not liable for ANYTHING, I mean ANYTHING. As my attorney is telling me that is adhesion. They are using their bargaining power to take advantage of me. There are only a couple of online major brokers. They are oligopolies and that leads to adhesion. They are taking advantage of you. If I were to hire a General Contractor and they showed up and made me sign a contract that said they can show up and work on my home and destroy it and I can't do anything, do you think I'm going to sign that. If there are only 4 General Contractors and they all have the same thing, then yes, I have to sign it. That is adhesion. There are millions of GCs in the U.S. I can tell that contractor to fuck off an go find a contractor that won't make me sing a contact that violates all of my consumer rights BECAUSE there are millions of General Contractors and I have the bargaining power.
 
JSOP said:
It's not an issue of not knowing our rights. We KNOW our rights and we know they are crap and are negligent. The issue is the legal cost and time. Even with Small Claims, you have to consult a lawyer, gather everything, write and send by registered mail a demand letter without prejudice, go to a court to file the case, and then wait, and then go to the court, present everything and hope you win or the other party doesn't show up. For all those legal costs and time, we would've made $$'s if we had just moved on.

We are professional TRADERS here. Our job here is to trade and make money, not to go after brokers for whatever their crap is. We know they are crap, we just use their software to send orders for their cheap commissions. If we want impeccable service, we go for full-service brokers.

You want to teach people how to sue, you are in the wrong forum buddy.
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AMEN...
 
ChipShotTrader said:
Sweet Baby Jesus!!! NICE SCORE, if I may say so myself. Beautiful...

I thought this poor guy was buried away like on Page 4. It took Page 11, for his full cremation...

RIP @lasner He lived a long life that almost lasted 24 hours at ET. My prayers are with him, and his family...
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HAHAHAH, That is not me. That is in 1999
 
destriero said:
Dude, you're a professional basket weaver.
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How does your post still show up in my Alerts even when I put you on "Ignore"? That is very strange. And this post just shows exactly the reason why I have put on you "Ignore" cuz nothing but s*** ever comes out of you.
 
JSOP said:
I know the probability of me profiting from my trading is higher than winning from whatever court after wasting all my time and legal cost. Trust me I have been to court.
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You wanna bet. Since you know probability and finance so well
 
JSOP said:
That's the norm in any business. Unless they are holding a gun to your head or holding your family hostage, you just walk away if you don't want to sign the contract to open an account.
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No it is not. That is not the norm in business. If you live in China, then yes that's the norm.
 
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