Are you kidding me, how can you think this is a false alarm with so many established traders claiming negligence?
What happened to Title Trading?
- Thread starter RRWFREEDOM
- Start date
Wow, another firm allegedly scamming its traders on payouts, incredible, yet not surprising.
Here's what I would do:
1. Join the email group posted by the OP, and share your contact info.
2. Look over the operating agreement/contract that you signed when you joined the firm. Review any clause that deals with disputes/arbitration, etc.
3. Find out if they are regulated, and if so, by which regulator. It seems they only offer futures, so perhaps you can find out if they operate under NFA or CFTC jurisdictions.
4. Contact the owners in writing, and save all correspondence.
5. Keep updating through the email group created by the OP.
When Team Trading abruptly shut down in 2010, a few traders created a Yahoo group which grew to over 80 traders. They owed approximately $2 million. Many who followed up with a game plan got their funds back, and many did not.
Here's what I will tell you, the SEC didn't do jack! And neither did the NY Attorney General's office, despite having an overwhelming amount of DOCUMENTED PROOF of the contract which clearly stipulated that funds were to be returned within a specific time period upon notice.
Regulators will focus their attention on firms that are registered with the exchanges. So if Title is NOT affiliated with any exchange, then your best bet is to work out a deal with the owners directly.
Forget about hiring expensive attorneys and filing "class action" lawsuits. The ONLY ones who come out ahead in the majority of legal battles are the LAWYERS.
Hope that helps.
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Don't wait for your money. We haven't gotten our money back yet. Start with a new firm and keep making money. That's what we have done.
Not yet. Just disappear. The lucky thing for us is that they are not the only firm we work with. Even though we suffered from some losses, we can still make money.
Disappear? Lol, this all sounds like a lot of BS. Nobody in this forum has expressed anger or frustration. In Cypress or Greece when depositors could not withdraw their own funds (even with guarantees none would be lost) then they burned what have you on the streets. When French farmers lose a few percent from farm subsidies they burn tires on the highways.
Here some clowns claim they lost 50k but casually state they have been waiting for months and know jack shit? And of course nobody stopped by their offices ever to check things out? (If this is a mailbox company then I guess all affected parties are 100% at fault).
In any case, this sounds all very fishy. Website up but nobody knows whats going on. Quite the story. Maybe ignorant people deserve to be taken to the cleaners. My funds sit in segregated custodial accounts that no prime broker nor executing broker can ever touch. Handing out 50k or more to a firm without due diligence and without knowing anything of how to track them down in case they stop picking up phones deserves maybe a bit of an ass shaft?
Here some clowns claim they lost 50k but casually state they have been waiting for months and know jack shit? And of course nobody stopped by their offices ever to check things out? (If this is a mailbox company then I guess all affected parties are 100% at fault).
In any case, this sounds all very fishy. Website up but nobody knows whats going on. Quite the story. Maybe ignorant people deserve to be taken to the cleaners. My funds sit in segregated custodial accounts that no prime broker nor executing broker can ever touch. Handing out 50k or more to a firm without due diligence and without knowing anything of how to track them down in case they stop picking up phones deserves maybe a bit of an ass shaft?
U wanna burn their office? I hear TT is going bankrupt.
Certainly not but people would have a better idea what is going on. Right now it looks like the same people who usually cry foul and load their uzis over someone stealing 5 dollars from them sit back relaxed in their chairs while 50k or more has gone missing. Something just does not add up here....
cant agree any more,never heard anyone get back money with hiring attorneys.my attorney advised me to give up.it's not my first time to be screwed,the first time is WTS stole my deposit.
why TT and WTS two Canadian firm screwed us?
how to avoid this happen again?