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re: Securities Lawyers.....Recovering Investment Losses

Posted on 3/11/13 at 12:50 pm to
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 3/11/13 at 12:50 pm to
quote:

yeah, if he didn't have express written discretion on your account, your best case is that he placed a trade without your approval.


we have nothing in writing.

quote:


But keep in mind that if you try to play that card, it could very well end up bad for him and he could potentially lose his job and/or license.



Thats is the last thing that I want to happen

quote:


IMO, chalk it up as a learning experience and don't make the same mistake twice with him


dont worry, it most def will not.

quote:

The class action lawsuit, if you want to get involved in that, is completely seperate issue.


I'm going to look into that while I'm at it
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 3/11/13 at 12:52 pm to
quote:

we have nothing in writing.


There has got to be something. You can't legally open an account without some form of agreement. Do you know which type of account you opened? (Look at the choices supplied above taken from one of their agreements; do any of those discretionary-type accounts ring a bell?)
This post was edited on 3/11/13 at 12:52 pm
Posted by boosiebadazz
Member since Feb 2008
80548 posts
Posted on 3/11/13 at 12:52 pm to
you aren't getting anything back

my aunt is a stockbroker and she has to forward the class action notices to clients all the time. she says most people get back like 7 cents

we get the notices, too. it's never worth pursuing.
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