I'm a victim of serious online fraud at brokerage

jck_2378 · May 28, 2006

Quote from plugger:

That's the part I find weird. I have friends who are stuck using TD in Canada and once their account hits so many trades or the available cash balance is used up (regardless of whether another security was sold), they can't execute any more trades. The cutoff was 6 trades. Their margin accounts don't update on an intraday basis and they would encounter the same problem. How is it that these 'perpetrators' were able to get around this?

"dont be panic. It is unbelievable that your cash account can be
overdraft. Obviously, TD canada brokerage system is garbage.

To my experience in a bank that I mention in previous post, it might not be an intrader, never. TD may be right. But their system screw up for sure."
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TD says that I was permitted to buy as I have three business days to settle. Does this make sense?

Fighter · May 28, 2006

TD got f*u*c*ked by your post

This incident expose how ill TD system got.
You have to wait as I experience in a major bank, not brokerage.

I laugh so loud that Internet is so powerful that people keep posting against suck institute and beat them up and keep them
work hard for their own money.

thoudstorm coming

ElectricSavant · May 28, 2006

You can retain me if you wish but not as an attorney..just send money

Quote from osorico:

Nice post, ElectricSavant

I know ET would be the place I turn to for legal help when money is involved. LOL

Another example thread of ET mollifying losing experiences, while winning is considered dross.

In all seriousness though, good luck to the OP.
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Fighter · May 28, 2006

Quote from jck_2378:

TD says that I was permitted to buy as I have three business days to settle. Does this make sense?
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yes make sense.. But you said you have only 80K. You canot trade more than 80K.

Any major borkerage firm in cash account would reject or break trade for sure if you trade more than you have.

It is pitty that You didnt gain 150K in your account which you can take away right way from the insident. Just kidding.

That means the only system screw up instead of intrader.

Fighter · May 28, 2006

Quote from jck_2378:

My online brokerage account at TD Waterhouse Canada was attacked and hacked on April 13, 2006. Between 12pm and 3pm the intruder, using my money, bought approximately CAN$150,000 of the shares of netwolves corporation(WOLV on Nasdaq). Thanks in advance.
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Who said your account hacked on April 13, 2006.

TD or your words?

jck_2378 · May 28, 2006

Quote from Fighter:

Who said your account hacked on April 13, 2006.

TD or your words?
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I didn't place the order, I don't know where the order was coming from?

zdreg · May 28, 2006

Quote from wilburbear:

When in the heck will there be an entity accountable for prosecuting securities violators? When a burglar breaks in, you call the police. With a securities violation, agencies stand around and point fingers at each other. It's unbelievable. You can bet that fact hasn't escaped the notice of Wall Street. They can play faster and looser with the rules, when the cops on the beat are on the dole, or in the doughnut shop.

Start following links, within the link given below.

These days the SEC can actually delay, or trip the the public investor, if it serves the financial industry. I've had an issue where the SEC has done just that.

http://www.law.uc.edu/CCL/index.html
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"these days the SEC can actually delay, or trip the the public investor, if it serves the financial industry."

exactly.

http://www.nytimes.com/2006/05/28/business/yourmoney/28gavin.html?_r=1&oref=slogin

ElectricSavant · May 28, 2006

Was there a time stamp for the order? where were you at the time?

Just a thought....but any good attorney can tear it apart...

Quote from jck_2378:

I didn't place the order, I don't know where the order was coming from?
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cosine · May 28, 2006

And here's an advice for you Michael B.:

Never give legal advice unless you are a lawyer.

Under no circumstances does exiting the position will break the victim's case. Financial transactions are recorded. Not exiting the position can only hint that the victim did want to buy the stocks, or that he is waiting for an outcome to see if he gains or loses before actually asking for damages.

Very bad advice.

Quote from ElectricSavant:

Fighter (be the fighter you claim to be and WIN, said in the voice of Rocky's wife in that Sylvestor Stallone movie)

With this much money involved...

You immediately make your complaint by telephone and email (take names) and then you send a certified letter confirming your conversation and its details, to lock the time. If necessary collect all the department addresses and savantishly send out your certified mail to ALL of them. It will eventually get into the correct hands.

YOU DO NOT EXIT THE POSITIONS OR DO ANY TRADING.

You immediately make an appointment with an attorney experienced in these matters. and if he takes your case, do as instructed.

Then you wait.

Traders please print this protocol and tape it on the wall, next to your porn.

Michael B.
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Bitstream · May 28, 2006

Quote from cosine:

And here's an advice for you Michael B.:

Never give legal advice unless you are a lawyer.

Under no circumstances does exiting the position will break the victim's case. Financial transactions are recorded. Not exiting the position can only hint that the victim did want to buy the stocks, or that he is waiting for an outcome to see if he gains or loses before actually asking for damages.

Very bad advice.
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indeed u have to be a nutjob to keep a pos goin against u runnin' ad infinitum...it's u money afterall and u not guaranteed a favorable outcome anyways. also am sure any reasonable and competent judge wud say it was da right thing to do.