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 […]
MSNBC
CHARLES WILSON is a Massachusetts father of three who considers himself a savvy investor. He’s made several hundred online trades in recent years. But earlier this month, he says, he got burned Wilson began visiting a Web site called fast-trades.com. The site recommended a new stock each week – usually one trading at a very […]
PR Newswire
An Internet investor, Ashok Aneja, today filed an arbitration with the National Association of Securities Dealers against Web Street Securities, Inc. alleging that they failed to timely execute his market orders to sell securities at the opening bell on Monday, November 30, 1998, causing substantial losses. When Mr. Aneja discovered the mistake he immediately contacted […]