Missing money at IB

Discussion in 'Interactive Brokers' started by shneed, Sep 22, 2005.

  1. Best of luck shneed.

    :)
     
    #11     Sep 22, 2005
  2. shneed

    shneed

    thanks
     
    #12     Sep 22, 2005
  3. shneed

    shneed

    def,

    I was just told that it was not a withdrawal but an adjustment. They don't know what for. What would IB typically adjust funds for?

    thanks
    shneed
     
    #13     Sep 22, 2005
  4. Choad

    Choad

    Maybe you have a margin call on another account and they transferred the money?
     
    #14     Sep 22, 2005
  5. JackR

    JackR

    How long was it dormant? Some states require that money in banks, etc., be turned over to them if there has been no contact with the client for X months/years.

    IB has a "you are a big boy" philosophy and is not heavily into hand-holding and perhaps there is no legal requirement to let you know. I'm sure you'll get an answer tomorrow - obviously cash leaving your account "mysteriously" will get someone's attention. Keep us posted.

    Jack
     
    #15     Sep 22, 2005
  6. shneed

    shneed

    choad,

    I don't have any more accounts with IB.


    JACKR,

    The last time I traded this account was in May 2005. Plus they withdraw $10 per month for data fees. So I don't think it's that dormant.
     
    #16     Sep 22, 2005
  7. JackR

    JackR

    I partially agree. Your activity in the account is contact.

    IB's $10 data fee or a bank's inactivity fee or the paying of interest do not count as contact with the customer.

    Jack
     
    #17     Sep 22, 2005
  8. IBsoft

    IBsoft Interactive Brokers

    def, check your PM please
     
    #18     Sep 22, 2005
  9. shneed

    shneed

    IBsoft,


    I did not get any pm from you.
     
    #19     Sep 22, 2005
  10. TGregg

    TGregg

    That's cuz he didn't PM you.

     
    #20     Sep 22, 2005