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TD Ameritrade Holding Corporation Message Board

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  • mitchgree mitchgree Nov 10, 2004 10:51 AM Flag

    12 brokerages including AmeriBest.....

    How long will it take and how deep will the gov go with their investgation.?????

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    • It sounds a little bit weak with regard to financial impact on stock price because it involves every broker on the block...

      Maybe it will clean some things up but I doubt it. Then, we will no longer have a marketplace. Where will the true scam artist traders work? I compare it to the flee markets in Mexico. There has to be a spread and if the guy on the other corner is a little late on things he won't be in business long. For people to complain about getting the wrong price, I would like to know if it was in their favor or not? 50/50 shot on where the price goes after they bought or sold...

      Fundamentally speaking this investigation doesn't have much merit unless, and a big unless, they find deliberate skimming. In such case, the company should be fined heavily and the account holders should be given 100% on top of their original money.

      It sounds to me like the only wrongdoing may be the speed at which the client receives data, otherwise the client is shopping on the wrong steetcorner or should do some comparison shopping...the only problem with that is generally people are too lazy - especially the one complaining.

      Disclosure: Tied up in cash just watching. Stopped out last Monday when I was busy - actually working.

 
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