I have followed this thread when it first started...Many months later, just came back to get an update. Not going to say who is right or wrong...It sounds like UBS and The Bahamas government did you bad. Yeah, I get it. Here is the bigger question (s)...Why would you take 1/2 the money from your house and invest it in options in a third world country with no safeguards?? Why not go to Vegas and put it all on red?? I will just share what I have done. This is not right or wrong...Just what I believe prudent. Living in the US I have two brokers...Some at Fidelity, some at Schwab. Two of the strongest (discount) brokers in the US. If one is a flake, the other one will come through. I also have CD's at about 5 different banks. I own "some" gold and silver coins. I own my own house, a rental and a small farm. I have given money to my kids to own their own houses and get an education. I have cash flow. Own my cars free and clear. IRAs, household goods, a deed of trust...Living comfortable. The idea of taking 1/2 your assets to trade options in the Bahamas is just mind boggling!! Just me. You trade options with money you can totally lose...100% gone!! Not blood money, it is not wise, prudent. How about these childhood phrases; bird in the hand, all your eggs in one basket, trust everybody...But cut the cards, don't count your chickens before they are hatched. I'm sure there are many more. Yeah, your broker probably did you wrong...I get it. But you need to get the idea that you were not wise in the choices you made...Like let us put ALL our money with Bernie Madoff!! What could go wrong?? Enough said...
Thank you, love your post and enjoying to answer. This explain me the other sort of hostility and i hope with my answers to have then your feedback and all further questions are . So, assuming your avatar is reflecting the truth, so you are 61 years old american gentleman o and we lived and grew up behind two different sides of the Iron Curtain. this is to answer your "why" in first. Will you agree that we are coming from mirror realities? What is straight in one is curved and tricky in other? Will you believe that before to open our first USA account in 2010, with retail broker, my husband flew in NYC to see if they are real? Sure enough it was certain Terra trading or something like that,which soon disappeared from circulation with a good money of ours.We never raised a claim, not that we know that we can do so or bother for what it seems to us a little bit (lol, with our current situation) We, children of USSR, grew up with zero trust in any structure, power of law etc - only love, solidarity and personal bravery (or cowardliness for others) No, Bahamas was not seen by me and still not as just a corrupted political system - it is islands of paradise, so dearly imprinted in my soul by Ernst Hemingway, by this always romantic dream to live with your loving family without peoples hate and disturbance, in peace and joy of natural treasures gifted to us from the Universe - ocean, birds, fishes, fruits, sunsets and sunrises. Nice to read about your accomplishments, for all what you have done for your children and your possessions. And here is the first clear difference between yoursand of my perception of the world - I would say that one of our children is a painter and sculptor, hopefully architect one day, another is a musician and singer and so on, and all of them know that if they need something the AMp is right there. Open your account , practice and go. Compliments for your accomplishments! It is very nice and dear and traditional and your children are certainly happy and lucky because you are their parent, as ours are happy and lucky because we are their parents - each of us is coming on Earth for a unique and specific experience. With the wisdom of today, and mastery acquired, we do know that we do not need that much of a capital. However our first big boom was made starting from important capital, and we believed here is the call to do it again. I can agree, it may be seen as right or wrong decision, but in any event, does it give any base for the bank to defraud us and go away unpunished, especially after all these years of persistent oppression and violence performed upon us? Three technical points: 1. we did not lose money 2. we never made options 3. Madoff case is just a legal precedent of a similar type of crime performed on us - we never have been invested in Madoff, but the bank did the same crime as Madoff did: they never sent our trades to NYSE, it is a crime now and is called fictitious trading. Hope it will help to bring some light on what was your assumption after almost a year of observation, that is sorry to say, far from true statement of facts. Questions are always welcome. Thank you for your time and attention.
So how did your account end up in The Bahamas? That is what I can not figure out...Why not Germany or Swiss? Much safer there. From UBS website...Not approving of them, just you could open an account THERE for safety. Banking in Switzerland UBS provides a complete set of banking services for individual, corporate and institutional clients. Yeah, them making a loan on your house was bad...It was happening around the world. There were bad rates, fraud, etc. But you choose to make the loan and try to go for the big profit. What am I missing???
I can imagine, it will be hard to believe for you, but, please, follow me - we had an account with BNP Paribas and other banks in Switzerland and while we were what we believed "investors" and now I am calling it pure luck, it was supportable. But once we started to go closer to what is active trading, the nightmare started. So, we intuit that we have to move closer to the source, which for us of course was USA market ( we made our first money mainly on Russian stocks). From other side for personal reasons we need more comfortable and free location to grow our little once and to have more time for our self-growing, out of intensity of social life. Many reasons, mainly a childhood dream - under palm tree on island with your loved once and Bahamas was perfect. I still found it paradise, despite all what we are passing - but this would be another story. To answer your question, why UBS Bahamas - simple, we were here, and this "friend" creator of the trap-program "Real Estate Collateralized Loan" introduced us to it and sold. We were fresh of our previous success, always been risk-takers, that how from zero we went where we were. Now, the first capital has varnished by buying home, living and October 2008. Remember that in 2009 we made our glorious gain with Credit Suisse, where an unbelievable amount where eaten in hidden by monstrous fees. But in three years in between, 2009 - 2012, we practiced a lot on sim, make nice courses, and feel ready to this new challenge. It was naive, agree, but is can not be excuse for the UBS to rob us. Certainly when I think that at this time we had already opened our AMP account i can only smile..or if we were coming here, on ET..In any way it is what it is , with the experience we had. With what we have left in 2012, (our investment in real economy went bad, as for most of the traders, lol) we thought that we can not really make our good living - totally wrong, as I know now. But at that time it sound perfect - UBS has a Guinness record trading floor, was first institution to provide electronic platforms to the private persons. Who can ever imagine that they will not give to us access to their electronic platform, which is TT? And so on. What you are missing...? Probably the experience of how banksters are cruel, unscrupulous, believing to be above the law out of USA, especially in such a paradise as Bahamas. Plus, particularity of this jurisdiction - the greed and inhuman methods of UBS's gang. I was reading again today our transcripts from one of the hearings - the lawyer of UBS is lying, always, in open court. We tried to commit him, but our application is waiting for a date since 2017! From what we have seen in USA cases, every statement is closed with statement of truth and if one lie in the court he would get jailed right away. Not here. The most painful thing is that they have tried to play the card "traders always lose" which is odd lie and contrary to the facts in our case. Please, do not forget - we close agreement in September 2012 for five years, but in March 2014 UBS announced to go in voluntary liquidation! It looks simple and obvious for any knowledgeable independent observer, they are wrong and have to pay, but for some reason we are called to live this story in such a strange way and to have this unbelievably hard way to get to the justice. And how will you comment judge decision on February 2018 to refuse to us a stay of the possession order? It is so simple: they have an order, obtained by fraud and perjury for 0.9, we are claiming 5, the current house value is 4. So why to through us on the street, with minors, without any other accommodation and no rights to work in the Bahamas, no capital and peace of mind to trade? Where in civilized country this could be imaginable? Because from one side they know to have no defense, from other side there is greedy gang who has seen a good bite in the form of our home. hope that help to understand the reality of our battle.
Bringing here post by Maxinger, from another thread, and will appreciate very much to understand from which source and facts he drives this conclusion? Do you believe more, the hysterical screams by D. and his admirers, or to the facts, bank accounts, court documents? We did not lose tonnes of money, we were in positive with UBS, as well with Credit Suisse. I can understand that it is hard to believe for one person, who is, in all the duration of his trading career, enjoying fruits of USA protective legislation towards traders. Especially for the one from Milky Way. By the way, our last updates are here https://letsmaketheworldfairer.com/2019/04/07/27-march-2019/. It is only one and unique "fact" of UBS, on which they rely till now by chanting: "traders always lose, trading is gambling, it does not exist, all traders are losing and S. loss". This "fact" will fall down on the trial, as well their hope that we will not be able to bring witnesses-experts and will give up, because of this unbelievable hardship and harassment they created on us. While I accept it with no emotions from my pitty adversaries, I feel no good to have this lying mantra repeated here, especially by you.
You received ***** 23 ***** margin calls. You lost over $800K in the first year. You're pathological.
D. it appears your main objective in life is going behind my posts. Well, you have my email, why don't you stop to pollute this thread, with your meaningless posts and hide behind your Nickname? If you are a man, with just a little bit of honor and dignity, make your reasonable questions on email and I will be there to answer. Gladly, I cannot see what you wrote, only your smiling photos. You are on ignore.
Logout and read the post. You're blind yet you can see! Hallelujah! You're all that I despise about the industry. You borrowed money, lost it all, and then went after the broker for "delayed fills" and when that failed you attempted the suitability claim. You traded LIMIT orders. You were not harmed. You called yourself "pros" and then attempted to make the case that you were rubes and that UBS should never allowed you to trade on borrowed funds.
There's a bit of irony there, in that Hemingway lived a very tragic existence in his final years, and died in an equally tragic way.
Truth, but I prefer to focus on his life before... I was not able even to finish his "island in the stream", too boring and has no energy... Who knows why the association with him came right with island life? He never stood back, he went to fight for what he believed and had a great life before. his tragic end is very sad... but people are people the most of crowd forgetting their heroes, do not appreciate those who break themselves on the altar of universal values - truth, justice, love, real friendship. Yesterday I looked astonished how Julian Assange was arrested, and no crowd around, no one to protest. Well, at least it makes me feel easier why on ET was so much negativity towards us and we found the precious support by very remarkable, but only a few members. People mostly love to be in the crowd, to hide. There is also a petition for Julian Assange https://www.change.org/p/free-julia...ed_by_id=9c482f66-589a-46a6-8291-4c0abd54dd96 , which also goes much slower then I would predict.. Well, this is the world we are living in! Glad there is trading - real path to the freedom.