Losses due to negative crude prices. Who's responsible?

Discussion in 'Retail Brokers' started by CALLumbus, Dec 28, 2020.

  1. steve2222

    steve2222

    Hi Baron,

    Why can I not see the name of the book? (I am using Google Chrome as my browser).

    Cheers
     
    #31     Dec 29, 2020
  2. virtusa

    virtusa

    I can't see it either. Using Firefox.
     
    #32     Dec 29, 2020
  3. bone

    bone

    Extreme Ownership - How Navy SEALS Lead and Win”.

     
    #33     Dec 29, 2020
    steve2222 likes this.
  4. SunTrader

    SunTrader

    No problem for me using Chrome.
     
    #34     Dec 29, 2020
  5. Baron

    Baron Administrator

    You probably have an ad blocker installed.
     
    #35     Dec 29, 2020
    steve2222 likes this.
  6. themickey

    themickey

    Correct, once disabled you get this
    51QAqZjdiXL._AC_AC_SR98,95_.jpg
     
    #36     Dec 29, 2020
  7. JSOP

    JSOP

    Ok so if they are cash-settled then negative prices don't even affect them. All they lost is trading losses which they would've incurred anyway if the trading platform allowed them to close the trade. Instant dismissal because there were no damages.

    Pure ambulance-chasing! You fight them hard, AMP, fight them hard!! Seek punitive damages! This is a typical example of frivolous litigation just for a quick buck.
     
    #37     Dec 30, 2020
  8. Agree. How much of a hit did AMP take. Is that public?
     
    #38     Dec 30, 2020
  9. tomtr27

    tomtr27 Guest

    The Trader
     
    #39     Dec 30, 2020
  10. Overnight

    Overnight

    Was reading through the complaint a bit more thoroughly, and this just reeks!

    "...AMP’s planned negligence could not have been foreseen by the Plaintiffs. AMP was alerted of the possibility of negative oil prices by the CME,..."

    It wasn't "planned" negligence. Here, let me reword it for the answer to the complaint...

    "...Plaintiffs' negligence could not have been foreseen by the Defendant. Plaintiffs were alerted of the possibility of negative oil prices by the CME,..."

    Know the instrument you are trading. Sign up for the alerts, and you won't be in the dark. It's not like they (the plaintiffs) could NOT have known this information without the assistance of AMP.
     
    #40     Dec 30, 2020