“Stay Away from TDA”

This motto should be your first defense in protecting your investments from theft and fraud.

Stories abound throughout the internet about how FINRA (the self-proclaimed Financial INdustry Regulatory Authority) is not effectively regulating its “members” (see our own article FINRA OK’s Broker Fraud and other sites: Sense on Cents, Litany of FailuresAnother FINRA Fail, and Harry Markopolos).

But in our opinion, it’s not because FINRA is incompetent.  On the contrary, FINRA is comprised of highly skilled linguists and spin doctors who get paid a lot of money to look the other way while its largest “members” commit financial crimes upon millions of unsuspecting retail investors.  

Ameritrade's $250 million building

Ameritrade’s $250 million building

How else do you think TD Ameritrade was able to post record profits and construct a $250 million dollar high-tech building during the worst market slowdown since the great depression?

One likely answer is Churning and Burning.

Don’t wait until you become their next victim. Because even though you may have the law on your side, you are contractually obligated to resolve any disputes in a FINRA arbitration, the world’s largest kangaroo court, where laws are ignored, witnesses can lie under oath, and unexplained decisions will be made by non-judges without any chance for appeal. 

So what can you do?  Complaining won’t help.  The SEC won’t help.  Take action NOW, while you still have your money.  Move to another broker before your account is Churned and Burned away as the next market correction approaches.

And for those of you who like using the Thinkorswim trading platform, we have now confirmed that it DOES NOT display Options’ theoretical values correctly in certain situations, and so what you see may not be what you get

 

Disclaimer: Nothing on this page is to be construed as investment advice of any kind.  We are not professionals or licensed investment advisers.  We are real people who have been “burned” by TD Ameritrade and Thinkorswim, and we share our stories to help you avoid becoming the next victim.

 

6 responses to ““Stay Away from TDA”

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  5. I have discovered systemic fraud. They actually steal your money with the excuse of some financial jargon. The fact is that I have 0 investments, $50,000 cash in my account, and the system refuses to accept orders above 7,500 because that is the day trading power (DTB) (their jargon) limit. They respond with all kinds of excuses like maintenance requirements etc.. All smoke and mirrors. The figures in my statement don’t add up. Broker fraud indeed.

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