This is the question I have been asking for months court99.
The big question is: who has the money paid for the shares by the traders?
I am going to contact Scottrade on Monday and ask for certs. What your lawyer said makes alot of sense. The broker excepted my money for shares, they now either need to produce those shares/certs or refund me back the original purchase amount. Question is at what price will they refund me for I bought at all different prices as it went higher and I sold at different prices also. The shares left here are free riding shares, so I don't know how they would figure that out.
well the better question. If you claim you can get a refund. say im averaged in at .005 lats a hell of a lot higher than .0026 where we closed. By suing for a "refund" I would have double what we closed at?
You can not sue for a refund from brokers in your account application you agreed to binding arbitration. The small claims court would throw it out. Whoever spoke to an attorney about this get a new attorney.
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