TD Ameritrade $8.2 Million Arbitration Claim

"TD Ameritrade Inc. has been hit with an $8 million arbitration claim by a group of options traders who say they lost money last summer during final integration of the thinkorswim trading platform."

http://www.investmentnews.com/article/20120110/FREE/120119994

 

Need to register. Otherwise, can't read the article.

 

Been a bad run for the brokerage industry , ain't it?

Makes Vegas look viva.

 

http://www.google.com/?q=Thinkorswim+users+hit+TD+Ameritrade+with+hefty+arbitration+claim & click "feeling lucky."

 

Just go to Google News and search on "thinkorswim options losses".

It is the first story and free to read.

 

http://www.elitetrader.com/vb/showthread.php?threadid=234874

 

Circular thread. I love it!

 

$8mm is peanuts to TDA. This will be settled uneventfully.

 

Hi all, newbie here.

I am thinking of opening an account with ThinkorSwim.

I presume they would also participate in the practice of Hypothentication (just like MF Global and Interactive Brokers)?

Also could they hypothenticate away my funds/holdings only if I pledged my stock as part of a margin account?

I'm thinking ThinkorSwim is "safer" than a lot of brokers, given that they have an AA- rated parent in TD bank standing behind them.

 

try this link

http://www.avidtrader.com/2012/01/thinkorswim-users-sue-td-ameritrade-for-8-2m-over-options-losses/