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To: baney who wrote (12276)8/2/1999 6:36:00 PM
From: Mark Peterson CPA  Read Replies (3) of 19700
 
OT

Baney, used to be with Fidelity until their legal department froze my account in September, 1998 pursuant to an invalid domestic state court order that violated federal pension laws.

Interested in hearing how I discovered the pension account was frozen? Tried to buy 10,000 shares of EBAY on line at the market ($36 per share, give or take) and the order wouldn't go in. Kept getting a message saying something to the effect that "the activity in this account has been restricted". No letter, no phone call. Just an ice-pack on my investing activities.

Got absolutely no cooperation from 36 phone calls to 8 different individuals in their legal department. Just had the account unfrozen at the beginning of July 1999 after paying more in attorney fees than many have in their investment portfolios.

IMO, Fidelity represents the scum of the earth and I would love to see them out of the business. But of course, I had a lost opportunity cost of a few million dollars. Perhaps that colored my thinking on the matter.

But I'm glad they work for you and others on this thread. That is, of course, until the day they freeze your account in violation of federal pension laws...

Scumbags. Absolute scumbags...

Mark A. Peterson
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