If you look at Scottrade 606 Reports, you’ll find clearly that the company exposes its customer to High Frequency Traders (HFT). After paying Scottrade $7 to perform a trade, the company turns around and sold our transactions to HFT. This alone costs us a lot of money. Scottrade routes most of our transactions to Knight ...
On Dec 2 Scottrade sold all my 110 shares of AAMRQ without my approval. When I called on March 17th, 2014, and ask about my conversion from AAMRQ to AAL, they told me I sold my shares. I was shock, I spoke with the local manager in Atlanta and he could not provide a clear answer. Scottrade sold all my share and denied ...
I received a letter stating my account had a negative balance of $20.00 in the first week of December. Letter was dated November 27,2013. I called Scottrade to see why there was a negative balance. They said one share I had did a reverse on the exchange. I called Scottrade for several reasons. First I have no idea where this ...
This is it. I am closing my account. I could not get on the site today to sell the positions I have planned. Do you know if there is a place where we can start a complain on this matter? Thanks for your time. ...
Two incidents with Scottrade have prompted me to write this. Months ago they failed to execute a buy order on a stock that ended up skyrocketing shortly after it hit my price. They could offer no explanation as to why they failed at this. It cost me thousands. Yesterday I tried to buy a stock that I thought was about to pop. ...
On 1-8-14, I was unable to log into my account. I needed to get in to buy and sell stock at an early trading time. Because the website was down, I lost money simply because I was not able to get the right prices. I could see the streaming prices early. Consequently, I lost about $200. I believe Scottrade should be liable for ...