Silicon Investor (SI) -- The First Internet Community

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 : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: sailor who wrote (6107)	11/28/1997 4:52:00 PM
From: Jack Zahran	Respond to of 16892

The following post is actually from Thoma Englebert: From: Thomas Englebert <englegroup@sprintmail.com> 20:32 Subject: Datek DATEK STOLE MY MONEY AND GOT CAUGHT!!!!!!!!!! Datek stole my money and got caught, FOUND GUILTY and now they don't wanna PAY!! Best think twice about opening an account with these crooks. Make sure you get a NASD disclosure on Datek Securities, AKA Russo Securities but that name has such a bad reputation they had to call themselves something else. I beat Datek in Arbitration without a lawyer. Seems there not always right. There attorney Simon Kogan decided he didn't want to pay after being handed a humiliating defeat, so he decides to file a motion for Reconsideration on the grounds that the decision was contrary to public policy (bwaaaa!!!) and a disregard for the law. The only party disregarding the law is DATEK and SIMON KOGAN by not paying the arbitration award in the tirty days allotted them. Now after six months he puts together a defense with pure slander, they put in documents that didn't even exist and back date them, you had better watch these guys. Isn't that right Moische Zelcer,Michael McCarty, Simon Kogan and everybody's friend Jon Normile, Please elaborate on this case MR. Normile, after all, it's already been settled. NASD case # 97-02419. About that letter dated May 22, 1997 that you claimed to have written, please comment on that, Mr. Normile anybody can write a letter and put a fictitious date on it. I'm here to say, These guys stole my money were found liable in Arbitration and now they don't want to pay. I will be asking for reconsideration of the punitive damages sice you seem to think you can screw your customers and the NASD. By the way, you still haven't responded to the SEC request that you answer my complaint, that also is over thirty days old. I will keep everybody posted on the results and newfound trickery that Datek tries to implement. Bottom line is you were wrong Datek, YOU SHOULD HAVE STRAIGHTNED THE MATTER OUT WAY BEFORE ARBITRATION BUT YOU CHOSE NOT TO, THEN AFTER SIX MONTHS AND A LOSS IN ARBITRATION YOU DECIDE YOU DON"T WANNA PAY, YOU"LL PAY DEAR FRIEND, INDEED YOU WILL!!