TradeKing Continues in Their Corrupt Ways
If you ever wonder how the Credit Crisis could get so far out of control, you’ll find a perfect example in the corrupt folks at TradeKing, who continue to follow orders from their Mafia handlers. (See my previous message about TradeKing’s meddling with my accounts.)
1. When I inquired about TradeKing’s policy regarding dividend reinvestment, they responsed:
Dear Mr. Bowyer,
Thank you for contacting TradeKing.
You are correct. Accounts are by default setup to receive cash dividends and to not have them reinvested. To add dividend reinvestment (DRIP) to your account or a particular security, you simply need to send us your request by email.
Best regards,
Chris Lebhar
Electronic Customer Support
TRADEKING
5455 N. Federal Hwy, Suite E, Boca Raton, FL 33487
(877) 495-5464
2. According to my TradeKing statement for the monthly period ending December 31, 2008, I received a dividend on two different funds from the “Rydex” family of funds:
Although I *never* told TradeKing to reinvest dividends for either of these funds, my account statement shows that TradeKing reinvested the dividend for only one of the funds:
Of course, the reinvestment price of $49.72 per share is significantly higher than my average share price for this fund, so the reinvestment is not good for me.
3. Do I need to explain to you why TradeKing would behave this way? They’re just following orders from my former employers, the international Mafia, who is responsible for the world’s current credit crisis.
Jeffrey W. Bowyer
jbowyer@seznam.cz |
