Tuco Update

lawsuits with jlb the introducing broker and penson... neither of whom wanted to pay tuco what was owed. that's why it took so long as well.

 

One big haircut. 28% loss, upright and outstanding citizens at TUCO.

 

Tuco came up 28% short and TUCO is ultimatly responsibility to run an honest business. Unfortunately, Mr. Frederick and those at TUCO took money that didn't belong to them. I wonder how many traders will fall into the same trap with these same people.

It would be interesting to hear how those from TUCO explain themselves and why it wasn't their fault.

 

Maybe people should be asking the SEC and the Receiver about all of there inflated fees and ridicuclous charges, could come up to the 28%???

 

Is there some sort of statue of limitation as to long you would have to wait to be able to retrieve your capital?

 

Checks in the mail they claim. Or for an additional $15-, they will wire it to you.

 

Just got the 2nd wire for the rest of my deposit. Finally was I'm done with this company. More than 1y later into the receivership