InvestorsHub Logo
Followers 249
Posts 13643
Boards Moderated 0
Alias Born 05/19/2015

Re: LRD post# 130825

Friday, 01/11/2019 11:23:49 AM

Friday, January 11, 2019 11:23:49 AM

Post# of 133793
TD AMERITRADE OR TD-ATURD AS I LIKE TO CALL THEM IS NOT PENNY FRIENDLY IMO. I HAVE HAD A TD-ATURD ACCOUNT SINCE THE BEGINING OF ELECTRONIC TRADING! There have been many OTC stocks they would not let me trade over the years. I suspect they where short the many stocks they would not let me trade. The reason I opened up other broker accounts.

ANOTHER class action is what would be going on. If TD-Aturd had my GCAN dividends.
There Fees are absurd and Made up B.S. I hear TD=ATURD wants $655 to let there clients start the restricted legend removal from there GCAN clients dividend that have been made effective by Finra to trade.
E-trade did it for free for there client's and schwab only charged $80. With other brokers We where able to trade our gcan dividend the first day it started trading about 3 or 4 months ago. TD -aturd is holding there clients dividends hostage for absurd most likely illegal fees.
I heard TD claims $400 of the fee is for the T/A which is a lie. The T/A did not charge me or my broker a fee.
I would Get them to put those fees in an Email and then call a securities lawyer and ask him will he go after tda with another class Action. where the lawyer only gets paid when he wins.
TD-Aturd inherited well over 5 million shares of scottrades clients GCAN dividends from the Scottrade buyout. It was 5 million shares. Scottrade was the biggest holder of GCAN dividends and sold out to TD-Aturd right before they had to be delivered. the timing of That buyout and hold-up smells fishy.
I would be willing to bet Scottrade was short. If this was the case TD-Aturd is stuck. Ether way they can be sued for holding up there client's dividend. The GCAN High was .735 so Far and TD-Aturd keep there Client's from processing there dividends.
5 million x .73 = $3,650,000
Any security Lawyer should want a 3.6 to 4 million Class Action case!
TD clients should be calling lawyers!

https://marketsmuse.com/class-action-aims-at-broker-rebates/

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.