Scottrade just seems terrible – all I hear are I can't do this and I can't do that with them. And how is it possible that someone on this board is asking what the price per share is right now? That makes no sense, there are 1 million outlets chiefly being the investment account to a person uses.
In September 2014, FINRA launched an investigation against current Scottsdale Capital Advisors broker, John J. Hurry. According to John J. Hurry’s BrokerCheck Report, FINRA made a preliminary determination to recommend disciplinary action be brought against John J. Hurry for potential violations of FINRA Rule 2010 and for aiding and abetting violations of Section 5 of the Securities Act of 1933.
If you or someone you know has lost money investing with Scottsdale Capital Advisors, John J. Hurry, Timothy B. Diblasi, or any other Scottsdale Capital Advisors’ brokers, you may be entitled to full recovery of your losses. The law offers investors, like yourself, a course of recovery by way of arbitration through the Financial Industry Regulatory Authority (FINRA)
E-CHECK PROCESSOR SUES OVER $34M IN FRAUDLENT STOCK
Electronic check processor MyEcheck has sued four financial securities companies for having 1.44 billion shares of MyEcheck’s stock fraudulently issued, the company announced last week.
The shares would currently have a total value of about $37 million.
In a federal lawsuit filed against Sweetsun Intertrade, Inc., Seven Miles Securities, Titan International Securities, Inc. and Scottsdale Capital Advisors Corp., said the four companies made intentional false representations to cause the issuance of 1.44 billion shares of MyEcheck stock, which the company said are void and should be cancelled.
Initial Scheduling Conference set for 4/16/2015 at 02:30 PM
MyECheck Recovers and Cancels 275,000,000 Fraudulent Shares
One of the parties named in the lawsuit, Seven Mile Securities, as a result of the lawsuit, voluntarily agreed to cancel the 275,000,000 shares, and those shares have been cancelled by the company transfer agent thereby reducing the total issued and outstanding shares of MyECheck by 275,000,000 shares.
The company stated they also expect to recover and cancel the 280,000,000 fraudulently issued shares held by Titan Securities, also named in the lawsuit.
MyECheck also seeks recovery of approximately 900,000,000 unauthorized shares believed sold by Scottsdale Securities.
The general thought is Scottsdale sold $MYEC shares to scottrade because scottrade will only let you sell $MYEC and not buy it now and it would make one wonder given you could buy $MYEC from Scottrade until a month or so before the PR came out about the lawsuit and around the same time some people showed up
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