LAWSUIT against TDAmeritrade

[imSINGLEruRICH]

from the Millionaire Board....................

MoonGoose
DIAMOND MINER
LAWSUIT against TDAmeritrade«
Thread Started on Today at 1:51pm »

Since so many of the CMKX Family are account holders in TDAmeritrade, I thought that this NEW lawsuit might be important for you to know about.

Some important points:

Auction Rate Securities (ARS) are the issue

The ARS market is estimated at ~300 Billion $.
[Note that is for the entire ARS market and the amount that Ameritrade is being class sued for is not yet known.]

The lawsuit is a class action.

A jury trial is demanded.

See page 17 for 'relief and rewards' requested.

This is a pdf file.

Link follows:

www.girardgibbs.com/Auction%20Rate%20TDA%20Complaint.pdf

[imSINGLEruRICH]

tuscansun
DIAMOND DIGGER
Re: LAWSUIT against TDAmeritrade
« Reply #1 on Today at 5:19pm »

Thanks for that Link MoonGoose,

I notice the first few paragraphs with points of interest in this suit...

The DEFENDANTS (Broker)

in paraphrase..

The Defendants KNEW, but failed to disclose that the securitys (that were bought by folks) were ONLY LIQUID at the time of sale,.... the DEFENDANTS were SUPPORTING and MANIPULATING the Auction Markets to MAINTAIN the A P P E A R A N C E of Liguity and STABILITY...

oh, nice, huh?.... Now it also says that these were folks purchasing preferred shares etc... Mutual Fund.. 401K folks..? ..... thats comforting also, eh?

so, for the sake of their own demise... their own mess ups... the Brokerage have been able to manipulate and juggle their account ....

Are we capable of doing that with our home check books>

From what we have watched... its EVIDENT that we have SEEn and WILL see more of the demise of Wall Street and the uncovering of the criminal actions of the crooks controlling the markets...

Now