SCAMS-R-US

[XenaLives]

Actually' I've come up with a simpler, more likely explanation. TDA is scamming its customers again. Still, I think that dump last week was ALL ALGO TRADING.

I'm currently thinking that the data anomaly on Thursday was a result of TDA having "streamer issues" - which puts their retail clientele at a disadvantage. Noticed a "streamer is down" message when I visited the TDA site right after close yesterday. I've experienced this sort of thing TDA before, should have thought of it right away.

This is the most egregious example:

In 2004 TDA (then Ameritrade) raided their own customers' accounts (IMO - of course) by permitting a DNS attack and executing margin calls when the market was dramatically run down and then back up in the space of a few hours while retail customers were unable to access their accounts.

The nature of the problem was never discussed in the WSJ and although I personally reported the attack and the URL of the test of the system on a California ISP prior to the attack to Ameritrade, the SEC and the FBI - nothing was done.

This appears to be their "punishment":

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93853044