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This thread has been opened to document problems with online brokerage firms.
Today and yesterday E-Trade's website was down and their phone lines were jammed. Several weeks ago it was Ameritrade. This is nothing new - these firms are losing us money and it is time to take action.
TIME TO SUE!!!
As a professional trader, and an E-Trade customer, I'm sick and tired of losing money because E-Trade is down and their phone lines ring busy. Because of E-Trade's problems today and yesterday, I was unable to trade my positions in the market that were at risk. I lost money and had no access to trade my cash in the account which also lost me money.
E-Trade is responsible for these losses. CNBC just reported the NY Attorney General's office is launching an investigation into these online brokerage firms.
The purpose of this thread is for online broker customers to document their problems.
PLEASE INCLUDE IN YOUR POST THE DATE & TIME AND DETAILS OF THE PROBLEM YOU EXPERIENCED.
Please make sure you include your e-mail address in your post if you would like to have me forward your problem to the attorney working on this suit.
I have discussed my problem with E-Trade with two of the largest class US action law firms. As a result, I expect a suit to be filed against a number of the online brokers for issues that may include negligent representation and product liability.
In my own experience E-Trade has, in my opinion, failed in numerous incidences to correct their errors, which have cost me a great deal of money. I do not believe they will correct their problems without being forced to do so.
Time to take action.
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