Articles Tagged with TD Ameritrade

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Business diagram shows change of the prices for oil

Were you a client of Creative Planning and TD Ameritrade? Did you have unauthorized trades placed in your account in oil and gas related echange traded notes or funds?  If so the FINRA arbitration claims process can be used to recover those losses.  Please contact our law firm in Chicago for a no cost review by an attorney as to how Creative Planning and TD Ameritrade can be sued in the FIRNA arbitration forum.

AdobeStock_35532974-1-300x200Were you a client of TD Ameritrade, Charles Schwab, ETrade or Fidelity? Were your account positions sold out to satisfy margin calls? If so, under some circumstances, the brokerage firm can be sued to recover the losses associated with the margin blowout activity.

Ordinarily, brokerage firms have the right to liquidate investors out of various positions to satisfy margin calls. We are currently representing clients who were told by the brokerage firm they had a specific period of time to satisfy the margin calls. Unfortunately, the firms then proceeded to sell the clients out of those positions prior to the time given to satisfy the margin calls. The verbal representations made by the firm modified the contract and required the firms to give the investors that period of time to satisfy the calls.

The FINRA arbitration claims process or class-action lawsuits can be used to recover damages associated with the margin blowouts. Please call our law firm in Chicago Illinois for a no-cost review by an attorney.

AdobeStock_66548440-1-300x169Did you lose money with TD Ameritrade because you were recommended securities with Sheaff Brock? If so, the attorneys at Stoltmann Law Offices are interested in speaking with you. TD Ameritrade brokers sold Sheaff Brock options when they were not suitable for all customers, as it is a high-risk and illiquid investment. A broker must take into account a customer’s net worth, age, investment objectives and investment sophistication, among other factors, before recommending or selling an investment to make sure it is suitable for the client. If he does not, his brokerage firm may be liable for investment losses. TD Ameritrade can be sued in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis. We only make money if you recover yours. TD Ameritrade introduces customers to third-party investment advisors through its AdvisorDirect program. If a customer enters the program, TD receives a solicitation fee and 25% of the investment advisor’s ongoing investment management fee. TD also collects commission for all trades that the investment advisor makes in the customer’s account. This revenue incentivize TD to recommend its AdvisorDirect program to customers.

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) indicate that former California-based RP Capital broker Aaron Maurer, also known as Doug Maurer, has received customer complaints. He is accused of acting negligently, misrepresenting material facts, omitting material facts with respect to the sale of private placements, recommended unsuitable investments, committed fraud, over-concentrated investments, breached fiduciary duty and failed to conduct due diligence, among other things. These are all against securities rules and regulations. Please call our securities law offices in Chicago for a free consultation with one of our attorneys if you feel you have a case against Mr. Maurer. 312-332-4200.

Maurer was registered with Madison Securities, Burke Christensen & Lewis Securities, Chicago Securities Group, Automated Trading Desk Brokerage Services, Morgan Stanley, TD Ameritrade and RP Capital in Aliso Viejo, California from January 2009 until April 2016. He has four customer disputes against him, three of which are currently pending.

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