Jimmy Crickets..
They have really done it now! My broker removed 300,000 shares of IMCC from three of our accounts yesterday. It wasn't enough for them that they boxed us in for the last 6-8 years. We could not buy or sell the stock, use it as a tax write-off, redeem it for certificates, or transfer it to another brokerage house. It was in our accounts in number only. No, they had to go for the full monty. I tried to reason with them and asked them to at least give me some legal premise or law for confiscating all our stock.. but not one in their legal department had a clue. They keep mumbling things about the dtcc and stock certificates. I can only imagine that this stupid order came from on top and left the help.. well helpless.
I really wish they had not put me in this untenable position. Probably thinking something more stupid like just let the guy go and try to get it back. Now, I will probably have to file criminal charges for fraud, theft, and maybe even drag the IRS into because 100k shares were in our Roth IRA's. I also filed for investigations with about 6-7 regulatory agencies so that maybe they can talk some sense into them. But, it will probably be an good ole boy Idaho judge who doesn't like the city slickers that will get their attention.. then we will move onto the civil liability portion of the meal. Ho hum just another day in the life of Sideways.
Sideways..
News 
Market Data 
Discover 
