It may be extremely hard to fight. I would contact the NY Attorney General. The AG will go after large banks if they feel they can recoup a large fine.
Trading couple for 3 years are harassed by UBS Bahamas, your help will bring victory
- Thread starter CSEtrader
- Start date
Thank you. Yes, it is already extremely hard but somehow we resited all those years and we are much close now then it was in 2009, 2015.
No. You (a Bahamas citizen) and UBS Bahamas (your broker, in Bahamas) entered into a contract (in Bahamas), and you are alleging that UBS Bahamas has violated the contract in processing your trades (made in Bahamas). It has nothing to do with US laws. Your civil district court has sole subject matter jurisdiction.
Thank you. We are Italian citizens with permanent residence here Trades were originated in the Bahamas but supposedly processed on NYSE. because we do believe they never send it.
Please, help me to understand - AG of NYC still can be the way to try, correct?
The problem would be for an American lawyer to assist because there is Commonwealth, so Bahamian law under the UK. yes? Still, if we can meet someone who can review our pleadings, give ideas etc, would be very nice. everyone here media me compliments after appearing before the Privy Council, but still, to have a lawyer able to articulate properly ur case and argue before a judge would be great. My husband is preparing all the pleadings, someone n ULK reviewing it time to time but not always.
You would be better off spending your time at your local library reading up on district court civil procedures, rules of evidence and principles of contract law etc. Again, your case has got nothing to do with the US.
Btw, if UBS never sent any trades, how could NYSE process them? And no, it doesn't matter if UBS did send them. Stop wasting time here. Go to your local library and ask the librarian for help in locating books on legal proceedings and contract law.
Brrr. I am not wasting time here and my husband is in libraries for the last two years everyday, this is how our pleedins made, we have obtained Leave to Appeal and now heading towards case management conferance in the cross-action.
I am taking a precious seep of energy from ET, which is giving me more strength, to stay connected with other traders and have their precious support.
As for the orders - they must have exact references, as by USA law. The same thing Mr. Madoff did, it calls now fictitious trading and it is criminal offence.
So, once both banks has failled to provide us with it, so far, for our view the option is to meditate on next Madoff's case n.2 in USA brought from the Bahamas.
Should we lost in the court here, this would be the option.
Thank you so much, dear Wonderland! I will post below pour last updates, but Thank you! I am just wondered why not all of the people are moved by the same call? Yo are joining our brave first five supporters, here on ET! Thank you! Together we will win!
[QUOTE="wonderland, post: 4675109, When not super rich individual decides to against large cooperation, you are always at a disadvantage side. Even you win, your cost are still so high. Good luck![/QUOTE]
Good time of the day to everyone who will read it.
Wonderland inspire me to post an update here.
And this is so true - our last hearing, yesterday, in the Supreme court for our Counterclaim was adjourned [our attorney had an emergancy].
Still, we have before judge three application:
- Summons for struck our their defense where it is not properly traversed and limited to material denials or not admitting, {which is against Rules of the Supreme Court,} and out of 580 points of our claim (the remanent 75 of our claim are general points), UBS' defence is 480 points with non traversal or non admitting, without any facts, piece of evidence, nothing.
- Summons for a Summary Judgment for this points of the Defence
- Summons for an Order for production of the Documents - so far we issue five notices, for the brokers note (known in USA as time and price , for the money transaction, for access to Sma, for which other clients they had on this "product", if they, for license they had at the date they signed the contract with us (for loan, mortgage, and SEC registration).
Good time of the day to everyone who will read it.
Wonderland inspire me to post an update here.
And this is so true - our last hearing, yesterday, in the Supreme court for our Counterclaim was adjourned [our attorney had an emergancy].
Still, we have before judge three application:
- Summons for struck our their defense where it is not properly traversed and limited to material denials or not admitting, {which is against Rules of the Supreme Court,} and out of 580 points of our claim (the remanent 75 of our claim are general points), UBS' defence is 480 points with non traversal or non admitting, without any facts, piece of evidence, nothing.
- Summons for a Summary Judgment for this points of the Defence
- Summons for an Order for production of the Documents - so far we issue five notices, for the brokers note (known in USA as time and price , for the money transaction, for access to Sma, for which other clients they had on this "product", if they, for license they had at the date they signed the contract with us (for loan, mortgage, and SEC registration).
This post made by Jharmon for some reason escaped from my attention but is better to be answered here, in this threaded.
First of all - we did not lose 400K, not at all. And this seems the hard part for everyone to understand and this will be proved in the court and we believe this is a type of stereotype UBS's attorneys used to discredit us, by saying that trading is just a gambling (and gambling caused too many problems in the Bahamas, while professional trading is unknown).
And for the equity, you are absolutely right, and when the story began we tried to find any bank to re-finance us, to have funds for living and trading while conducting the legal battle against UBS. But here in the Bahamas, we are eighteen-century ads the financial industry loans system. Ad UK , USA based entities are not interested in expanding in the Bahamas at all, because of the legal system where hearsay from a known lawyer may weight more than written evidance.
We just must bring our battle to the victory! And this week we had a great news - the Privy Council in the UK gave us a special leave to appeal! https://letsmaketheworldfairer.wordpress.com/2018/06/24/24-june-2018/