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Pastimes : Brokerage-Chat Site Securities Fraud: A Lawsuit
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To: CountofMoneyCristo who wrote (2121)7/24/2003 2:15:17 PM
From: Dave O.  Read Replies (1) of 3143
 
< They did say that they "value [their] good name (the brokers) and that they would "take appropriate action to address such meritless conduct." But nada. Why not? We are talking here about individuals and firms in the aggregate worth billions of dollars. Why don't they go ahead and sue me? because there's no money in it? They must be concerned that these allegations might have cost and might be costing them millions in revenues, so why not go to court and clear their "good names"? >

LOL! Did you ever think that they have plenty of clients and are doing reasonably well. And then there's you ... out there making all kinds of statements here on SI. Now if there were a LOT of others on SI supporting you in your allegations and assertions maybe they'd be a little concerned. But since your reinstatement here on SI I've not seen much in the way of people making the same claims as you did ... soooooooooo ... to them it may be just that here's a guy who wasn't able to successfully trade the markets and he's angry, upset and wants to somehow recover his money ... money that he freely CHOSE to trade. Personally I don't think your posts, even the off the wall ones, have had any material impact on the operations of Schwab, Cyber, etc. Rather, I think people who read some of your posts must wonder WHY you'd continue to trade and lose so much money after you saw that following certain "advice" was not profitable. Any "kickback" schemes did not cause you to lose $10 million, in my opinion. Rather, you bought stocks at a certain price and sold them at a lower price or shorted at a given price and had to cover at a higher price in most cases I guess. Commissions, which is a cost component of each trade, is a part of doing business. So if you had excessive commissions then you need to realize that it was YOU who CHOSE to incur said commissions each time you hit the "Buy" or "Sell" keys on the keyboard. Cyber, Schwab, etc. didn't force you to incur those commissions.
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