I have been working with AMP for 5 yrs because of my relationship with my broker, their online platform is made in Asia and their Investor help line is also there. The people do not understand the English language and you have to get to a supervisor to get help, My problem one they need to redo their online platform and quit trying to repair the India model as it can not be fixed. They need to relocate back to the US if they want US customers. This week was not unnormal but this is what happened.
1) the online platform on MTW would not allow edits so you had to cancel and reenter
2) today it will allow edits but wont allow cancels
3) today I had a spread order in and it filled half of it so i edited to 5 cents more on the offer and it filled the full order again so I ended up with 50% more than I had ordered.
MY opinion is that it would be better for the company to
1) return jobs to US
2) get a US platfrom for online trading or buy a company such as Eoption that has a good one
they dont really seem to care as I have been talking all the way up the ladder for years, even their brokers couldn t cancel my orders today and after 3 hrs orders still havent been canceled.
Institutional and to a much larger extent MFunds net redemption last quarter. Looks like a position liquidation. Perhaps the sale is over? I don't find any negative news.
I think, the time has come for him to go. Great Guy but just couldnt keep up with the changing technology and trends
Sentiment: Strong Buy
Under the terms of the agreement, which was unanimously approved by the Boards of both companies, the transaction is currently valued at $33.12 per NYSE Euronext share, or a total of approximately $8.2 billion, based on the closing price of ICE’s stock on December 19, 2012. NYSE Euronext shareholders will have the option to elect to receive consideration per NYSE Euronext share of (i) $33.12 in cash, (ii) 0.2581 IntercontinentalExchange common shares or (iii) a mix of $11.27 in cash plus 0.1703 ICE common shares, subject to a maximum cash consideration of approximately $2.7 billion and a maximum aggregate number of ICE common shares of approximately 42.5 million. The overall mix of the $8.2 billion of merger consideration being paid by ICE is approximately 67% shares and 33% cash. The transaction value of $33.12 represents a 37.7% premium over NYSE Euronext’s closing share price on December 19, 2012.
NYSE Euronext shareholders will own approximately 36% of ICE shares post-transaction.
Details of the deal. If this was a non qualified after tax account there should have been a 1099 for dividend and a statement for gains and losses be sure you have both.
You may have to sell it to get the loss. Check and see if Ameriprise shows you the basis of the new positions
on your statement. You have a loss but depending on the terms of the takeover it may not show yet.
according to past employees In technology department you will make 30 to 40% less if you are minority including women despite being better skilled and experienced. No leader cares.
is HR accomplice?
Sentiment: Strong Sell
it certainly doesn't appear a lot of posts are being made on this board, - - but i've got to present a problem, with the hope someone knows how to fix it. IT INVOLVES AMERIPRISE, the brokerage.
I had a 1000 shares of NYX, bought way back at around 100 per share, so 100,000. carelessly i hung on to it
once it dove down big time. with the ICE takeover of NYX i received about 16,000 for my 1000 shares of NYX and 171 shares of ICE. THE PROBLEM IS WITH MY IRS FORM 1099. my brokerage actually shows me as having earned roughtly $1,500 dollars in the whole deal. when in actuality i LOST about $49,000 ($100,000 minus 16,000 minus 35,000 the latter of which is about the current value of my 171 shares of ICE.
The problem is made worse, because the IRS is obviously more interested in the 1099 form and its figures rather than my calculated loss of around $49,000. DOES ANYONE SEE A WAY, - A REALISTIC WAY - OF STRAIGHTENING THIS ALL OUT? as i see it, the brokerage is not going to issue me a different 1099 based on my calculations. Any serious help would be appreciated.
While they make insane returns, nice job on this team to shear the sheep.
James M. Cracchiolo Chairman of the Board, Chief Executive Officer
William F Truscott Chief Executive Officer - Global Asset Management
Walter S. Berman Chief Financial Officer, Executive Vice President
Donald E. Froude President - The Personal Advisors Group
Joseph E. Sweeney President - Advice & Wealth Management, Products and Service Delivery
John R. Woerner President - Insurance & Annuities, Chief Strategy Officer
Neal Maglaque President — Advice & Wealth Management, Business Development, Chief Operating Officer
Colin Moore Executive Vice President, Global Chief Investment Officer
Randy Kupper Executive Vice President, Chief Information Officer
John C. Junek Executive Vice President, General Couns
I got this stock as a spin off from American Express, do not like the company, but, as this stock was "FREE", I can find no point to sell. I was gonna sell at $75/sh where I sold the AX, but was lazy about it and the next time I looked, it was at $80/sh, so I decided to wait til 85$/sh but was not looking when it blew past that price and $100/sh. Now I am waiting for $200/sh. I hope I am watching when it gets there and do not have to wait for $300/sh. This is really making me angry, how can I sell this #$%$ of a stock when it just keeps going up for no reason at all. Signed, Stuck In Stock.