More people are now saying to use Etrade, but of course they have now been bought out by JP Morgan so you can pretty much expect the same with them soon as well. My guess is with the SEC regulations and now the big boys buying out the penny stock friendly brokerages, it won't be long until the OTC is no more. Gut wrenching.
So, if TD was taking away profits from those people who profited in the security you were trading, does that mean they’re also going back and restoring funds to the people who were on the losing ends of those trades?
I've had TDA reverse a few trades in the past but always within the 3 day clearing period. At the same time I've made huge money when they would put a sell order thru on pre-split share count at the post split price which I believe gave me 100 bagger instead of a 90% loss.
TDA really has taken on the bad traits of Chuckie Schwab and his way of screwing traders. When my time comes to migrate to Schwab I will put what I can into Etrade accounts and leave all the losers in the Schwab accounts. I've migrated 2 accounts so far and have 6 more that aren't scheduled to move yet(family accounts)