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When I say scam, I'm implying what ever definition fits. Of course I can not control how someone with such a narrow viewpoint as yourself, wants to define it.
Zecco is a no frills broker for self directed traders, that's true. A no frills broker for self directed traders is all I'd personally ever be interested in using. And although they started out being very friendly towards penny traders, they have since become a nightmare for them. I'll have to agree, that now makes them a shitty broker, lol. As for me personally, I'd never have any interest in, or even remotely entertain the thought of, using a full service broker.
You seem to be confusing what a broker is able to legally get away with (thus far) with common sense, moral and ethical behavior. Not sure why you find it so agreeable that Zecco charges it's clients $700 for some trades, when other brokers for self directed traders charge less then $10 for the very same trade. It's likely there are those out there that approved of Bernie Madoff's operation as well. A dozen or so feeder funds come to mind! Was their participation ethical? Legal?
But let's set aside the Legal Aspect of this issue for a later time, since that is going to require some very in depth analysis. Let's look at the ethical issue. How about a quick look at Zecco's corporate ethical responsibility.
What is Ethical Behavior?
NO fraud was perpetrated? One can do the same trade through many other brokers at less then $10, but Zecco claims they will charge $700 (often only after the fact). You may be the only one on this planet that feels that is an honest and above board way of doing business.
You call three nearby shops and they all tell you they can rotate your tires for $10. So you bring your car into the most convenient shop to have your tires rotated, but upon completion of the task your chosen shop now claims you have to fork out $700 and refuses to release your car to until you pay them that amount.
Meanwhile your neighbor did the same thing, except he choose a different shop. His bill is exactly what he was told, $10. He pays his bill and drives off in his car.
And you don't see any fraud?
Those definitions of "SCAM" are from known and respected dictionaries, lol. Perhaps you've heard of Merriam-Webster and the like?! They are not something I made up.
SCAM
to swindle (someone) by means of a trick.
http://www.thefreedictionary.com/scam
a fraudulent or deceptive act or operation
http://www.merriam-webster.com/dictionary/scam
deprive of by deceit
Verb scam - deprive of by deceit
Noun scam - a fraudulent business scheme
http://www.thefreedictionary.com/scam
fraud
noun
deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit ....
http://dictionary.reference.com/browse/fraud
SCAM
to swindle (someone) by means of a trick.
a fraudulent or deceptive act or operation
deprive of by deceit
Most scams are likely illegal, but not all of them are.
Yes, that's a problem. I have seen others post they found a broker to accept their penny stock transfer, and it wasn't one of the more common brokers like you mentioned trying. But I can't remember the brokers name. Maybe scan through the posts and see if you can find a broker others were able to get their stock transferred into.
I'm going to take a WAG and say it likely depends on the size of your account and what the penny stock(s) to be transferred are.
Sorry I can't be of more help and good luck to you.
Arrogant - "an attitude of superiority manifested in an overbearing manner or in presumptuous claims or assumptions".
Please note the phrase "presumptuous claims or assumptions" in the above definition.
Frankly (no pun intended), I'm a fairly private person. Not the type to go around bragging about anything. Please do not assume no action has been taken just because you didn't see a breaking news alert on CNBC, lol. Proper action requires ample DD that may take some time.
Zecco is one big SCAM. Destroying their very own clients wealth!
DIGX .026 ask! Should move up nicely from this level
DIGX .02 x .023 Load the DIP!!!
ASYIE is likely to be printing .001x today.
1. Most all the pumpers are gone and obviously not interested in loading in the mid .002's anymore.
2. Many longer term holders have very itchy selling fingers now.
3. This company almost never releases a PR, so little hope in that arena.
4. If anyone claims they were "told" the 10K would be filed, no one will believe them, since that same claim has been made (and proven false) for many weeks now.
5. Most traders may be thinking a late 10K likely means it isn't very good, and will likely trigger a large sell off if/when filed.
6. Bidding is all but dried up.
best of luck to those still in this and trade wisely!
Well let's just do away with all judges and jurists then, shall we! According to you there is no need for them.
Once again you are professing to know what I have done, or what I haven't done. That is pure arrogance, because you haven't the slightest clue what I have done, or may do, or both, lol.
should be able to eat through the .0002's in another month or two!
ASYIE Wonder what happend to BDS? Read!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75160245
ASYIE could go under .002 soon
Your timing may have been good.
Also quite likely there are more and more shares in the float, which usually translates into lower dips in the share price.
imo
now that's interesting! lol
Grasp what picture? It's simply a scam perpetrated by Zecco and Penson. I'm not denying there are other brokers in collusion with Penson on this scam. But this is a board about Zecco's participation in these Scams, so that is where my focus lies.
Once again, one major point is there are many good, client friendly brokers like ETrade that are allowing trades for their normal fee of under $10 on the very stocks Zecco is SCAMMING hundred's of dollars off of their clients. There is NO excuse for Zecco to do this!
Those terms didn't even exist when many bought their stock through Zecco. And even to this very day, in many cases they will still gladly allow you to buy stock fully stating it is a dtc eligible stock only to suddenly claim after you have bought a stock that it is now deemed (by them) to be non-dtc eligible, and that stock "qualifies" for their extortion, aka scam fee, of $700. Once again, other brokers will gladly allow you to buy AND SELL that very same stock for their standard commission fee of less then $10 each way.
I'm making people aware of the SCAMMING broker Zecco. My goal is to get everyone that uses Zecco to pull their money out and switch to a client friendly broker ASAP before they get taken. And for those who may be choosing a broker, to be aware of the traps Zecco has laid out to extort or scam money away from their clients. Again, this is done through no fault of their clients. Who knows what scheme Zecco will come up with next to extort, scam, pilfer, or otherwise rape their very own clients of their hard earned money!
Your support of the Zecco SCAM is disgusting. They have other options available to them, but they have choosen not to work around that matter, but instead use it as an excuse to extort the hard earned money from their very own clients. Many other brokers are NOT participating in that SCAM, but the Zecco/Penson collusion team is. I would hope no one else is simple enough to buy into the claim that it's "not our fault" we're just "passing on the costs". Scammers ALWAYS point the finger of blame at someone else! That is a scammers first rule of operation.
yet you were pumping ICOA profusely everyday while all those conditions were known and exactly the same as they are now!
That is, right up until the day you dumped all of your stock, per your very own postings!
Amazing!!!
LMAO
Maybe you should look at their board instead of waiting for an email, lol. They've been on DUTV since .0002
I would think most just loaded and/or added again today.
http://investorshub.advfn.com/boards/board.aspx?board_id=7516
So was Bernie Madoff
Not too many people would feel the cost of a trade is justified at $700 through Zecco. That is clearly a SCAM, as any ordinary broker will do that very same trade for around $10
It is hard to imagine someone agrees with that kind of gouging unless they are also a participant in the swindling.
There is NO excuse for the Zecco/Penson collusion in crime that is unjustly ripping off hard working men and women of their money.
You can bait me all you want, but any complaints, legal action, or other action I may have taken/or will take, is not going to be something I discuss with you, lol.
Why would I make a bet with someone I don't know, about something I have no control over? For all I know you work for FINRA, or the SEC, or Zecco, or Penson, and are in on their SCAM.
I would rather put my $2000 into the market, where as long as it's not going through a corrupt broker like Zecco, I have a great chance of making money from it.
no squeeze. Just company selling using different MM's like VERT, MAXM and so on.
Seems pretty clear to me. But you can believe the shorts are taking it down if you want, or at least pretend you do!
GLTA
The company is still selling, today they are using MAXM
Ik kijk naar om te zien of de verkoop stopt, als het niet, dan zal ik waarschijnlijk kopen!
veel geluk voor jullie allemaal
CYNX .0009's going USNL .0023 up, bid building!
STHG .0002's going fast! NEWS today! Full ALERT!!!
USNL .002 could be bottom!
EFIRE STHG FOGC all on Radar any of these could go anytime and likely each will run very soon.
EFIRE .0003
STHG .0002
FOGC .0002
STHG .0002 on alert. Radar for volume! Traders love to run this stock and they have pretty good news today.
http://ih.advfn.com/p.php?pid=nmona&article=52249426&symbol=STHG
Again, passing the blame is not an acceptable excuse for me and most others. There is NO excuse for partaking in such thievery! There are many more brokers that are not gouging their clients with unprecedented fees that are nearly 100 times the going rate for a trade. Zecco is clearly a scamming broker that laughs at the fees it is slamming on their very own clients.
and you have a link substantiating this? Please show us.
I have never denied that Penson was involved in this SCAM. Of course they are. But they have willing and able partners helping them to facilitate their scam. And Zecco is one very eager accomplice!
As far as the trader/investor goes, their contact is with their broker, not the clearing house. The Penson clearing house could not perpetuate this scam without willing broker-partners. All of those brokers that pass the blame onto Penson could off said no, and found a new clearing house, or became self clearing! Look at Etrade for an example of a very client friendly broker that has done that.
And anyone can clearly see that your zeal for this ZECCO SCAM points to but one simply derived conclusion. You likely are involved in this Zecco SCAM in some manner. Your blindness to the truth, along with your continued posting of propaganda, easily leaves that as the only logical conclusion.
Just because you keep posting your half truths, propaganda, mixed in with false and erroneous conclusions, doesn't make it any more true.
Again, the fact that most brokers do NOT gouge their clients with HUGE SCAM fees proves that the scheme implemented by Zecco and Penson is for their own financial gain, and obviously this Zecco Scam realized profit comes at an enormous financial cost to their very own clients.
Other brokers are not going to charge less then $10 for a trade that cost them $700 are they. Of course not. That is all the proof anyone needs of the Zecco/Penson SCAM!
Clearly, everyone expect those in on this SCAM from Zecco, can see it for what it is. An all out SCAM to extort hard earned money from their very own clients/traders!
Your logic is seriously flawed.
Most traders use good, trader friendly brokers, like Etrade and others to trade these types of stock. These good brokers have no issue at all allowing buying and selling of these stocks for no additional fees. Again, these are the very same stocks that the SCAMMING companies Zecco and Penson are extorting hundreds of dollars per trade from their very own clients (traders)!
So your theory just doesn't add up!
Either you are one of the most naive people on this planet, or you are involved in the Zecco/Penson money grabbing SCAM. Which is it?
You have no idea what I check before I buy any stock, lol. There are a host of different trading strategies that tackle many different trading opportunities.
To sit on your high horse and preach to me, as you're simultaneously supporting the scamming broker/clearing house combination of Zecco and Penson, while they pilfer hundreds of thousands of hard earned money from traders is disturbing.
EFIRE getting close to printing .0002's now
Hope it pops for those in this but, based on what I've been watching, along with managements refusal to go on STT radio "for now", leads me to believe this one will see more dilution and likely a R/S at some point fairly soon down the road.
Often they will do a little run before a R/S comes, so if there is a reverse split in the cards here I would expect some sort of run before hand.
just my opinion and GLTA
I pronounce ICOA DEAD! I have to agree with your post.
It appears to me that the last pr put out by ICOA in Feb. 2012, without the actual proof being displayed in any kind of follow up, along with the latest lies in the email about 48 hours to start releasing information, all point to extremely lame and futile attempts by ICOA management to entice buying.
Unfortunately, to me that only shows just how far out of touch the management of this company is with the reality of market sentiment towards ICOA.
RIP ICOA, I've given up any hope of life. A Lazarus like miracle is always possible, but I doubt it. Clearly the management for ICOA are only compulsive liars.
I'm done posting here. Can't see a point any more no matter what happens in the future, as all credibility here is forever gone in my eyes.
Best of luck to all of you in your future trading endeavors.
This is a post exploring the dtc chill (non-dtc eligible) issue along with some action against it. Hopefully it will be one of many that could help enlighten us as to why a clearing firm like Penson and their enabling partners in crime like Zecco, all likely profit in their underhanded scheme. Naturally they are not going to tell you they are profiting!
Again, when looking at this matter, the reader needs to be aware that other clearing houses and brokers do not have any issue allowing their traders to buy and sell "chilled" stocks. They allow them to be traded without any extra fee's or penalties. That alone allows one to reasonably conclude that those that are gouging their clients with exorbitant trading fees (like Zecco/Penson) are doing it for their own gain.