Townsend Analytics, Terra Nova, and the Archipelago ECN Message Board

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Strategies & Market Trends : Townsend Analytics, Terra Nova, and the Archipelago ECN

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To: Mack who wrote ()	11/23/1998 8:00:00 PM
From: EEL	Read Replies (1) of 10

I used to trade at Day Trade Technologies in Seattle, Wa. They were a division of Terra Nova. The company is soon to go out of bussiness. They had this woman named Melissa who was having an affair with the married owner David , who was taking money out of everyones account and putting it into a few select indidvuals accounts so that they could hold over nite trades. I came in one morning to find that I had no buying power, and she told me that she mistakenly took it out of my account,(along with every one elses account in the room.)??? I called Terra Nova and they said that I had signed for the authorization and transfer of funds, which I had not! They also used $200,000 of another individual(chinese woman's) money and promised to pay her back with interest. To my knowledge nothing was done about it. I quit trading there September 1997.

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