Registered Representative
New Internet trading programs raise liability concerns for reps. Full service firms warn that clients are accountable for unsolicited trades. Do it yourself trading blended with full service brokerage has arrived on Wall Street. With it, you face a new question: How much responsibility do you bear in protecting clients from investment pitfalls when they […]
Los Angeles Times
Convinced that she had been defrauded by her stockbroker, Cara Marks fought back. She took her claim to the arbitration program of the National Assn. of Securities Dealers, the nation’s dominant forum for resolving legal disputes between investors and brokers. For Marks, who said the broker sent falsified financial statements to keep her in the […]
Fortune Magazine
When Manhattan day trader Jim Walker put in a buy order this spring on E*Trade, the stock was at about 48. Forty minutes later the confirmation came back: He’d just paid 56. “You can never directly blame anybody, but to see an eight-point difference between the time I executed the trade and when I got […]
PR Newswire
Ali Lee Khadivi, an on-line investor today filed an arbitration with the National Association of Securities Dealers against E*Trade Securities, Inc. (Nasdaq: EGRP) alleging that E*Trade executed a limit order that Mr. Khadivi had previously canceled causing substantial losses. Mr. Khadivi, like thousands of other customers, were frozen out of the stock market during peak […]
Wall Street Journal
Complaints against online brokerage firms are surging in tandem with Internet trading, but many investors who feel they have been harmed by their broker can’t file a lawsuit to recover any damages. Most brokerage agreements require disputes between a firm and its clients to be settled through industry-sponsored arbitration — fine print that many investors […]