Class Action Lawsuits Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Class Action Lawsuits

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LPasko who wrote (3)	12/31/1997 7:40:00 PM
From: Vijay Raghavan	Read Replies (1) of 9

Hi ,This is not Class Action related, But I am curious about your opinion in this matter. I recently had a miserable experience with DLJDirect and this is what happened: A few days back, I transfered all my stocks from one of my old accounts with DLJ to a new account (again with DLJ), at their suggestion. After doing the transfer they gave me a heart attack saying that I have a margin call for over $100,000 , even though the old account did not have any margin call. After many rounds of voice and email arguments and reversing the transfer, they agreed that they had an 'operational error' . What they claimed was, they have transfered over $100,000 in debt by using a wrong account number.. I was appalled to hear that. NET RESULT WAS ACCOUNT WAS UNUSABLE FOR ALMOST 2 WEEKS. I think that there is something going on beyond the so called 'operational error' since it was more than $100,000. My questions is: is it worthwhile to take it to SEC? (I have their email and recorded message where they agreed it is their 'operational error') . It is difficult for me to believe it is an operational error considering it is more than $100,000.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next