Zecco is a SCAM

[Mango]

Do you have any idea how many different lies I have caught Zecco in? That is just another one. What do you think they are going to say, that they're making huge returns on the scam they have going with Penson? Of course not.

Zecco built their business model on free trades, and now $4.50 and $6.50 commission trades, with the ability to make a profit based on that business model. Now you're trying to convince me that they need to gouge someone for $700 per trade, but there's no profit in that for them?!?!?!

The fact that they use deceit and trickery to trap traders into these stocks and then extort these same traders with exorbitant fees before there will let them out of those same stocks, tells even the dullest and naive mind that it is a scam!

Go try and convince someone else, I wasn't born yesterday! This has SCAM written all over it.

They are simply passing along the new fees Penson - their clearing house - has put in place. Those fees were implemented after Penson was pressured by DTCC, FINRA, and the SEC.