By extants - 11/02/2010 20:13 - United States

Today, I found out my broker invested my $6000 in the wrong stock. How did I find out? He called me to let me know the stock crashed. FML
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Same thing different taste

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Top comments

hitmanoo 16

if he's a licenced broker you can easily recoup your $. sue.

65 2
ProfessorNinja 0

You shouldn't need to sue. As your broker, he has a fiduciary responsibility to act in your best interest, which includes investing only in what you tell him to. As such, he's more than likely to carry Errors and Omissions insurance of some sort. Assuming you can demonstrate the error was his, you should neither need to sue nor threaten to sue. Ask him to submit an E&O claim. At six grand, it should barely dent his premiums. He won't even bat an eye.

13 0

Comments

KurouTenshi 0

That's the stocks for you, LOL Up, Down, Right into the ground! :D

1 0
Person1233 12

Blow yourself up in a train station. It solves everybody else's problems... Or so it seems.

1 0
BigLostBear 0

#18 wins because terrorism solves everything. I was joking D:

0 0
skyshark 0

here's an idea, stop being a douche and invest in stocks yourself and skip the broker, then you won't have that problem.

0 0
Kockdiesel 0

why would you invest now?

0 0
idkweird 0

Why wouldn't you buy stocks in things that are lasting at some of their cheapest prices? Also, if you're in it for the long haul, you don't have to worry as much. Things may go down, but eventually they will go back up.

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iknowthatguy 0

YDI for trusting someone else with your $. you could use Think or Swim or Trade King or Ameritrade...see where this is going?

2 0
stupidirish 0

that's what you get for going with madoff. idiot. (yes, i realize that isn't what madoff actually did. it's a joke, play along)

0 0
p3rfect_ins4nity 0

that sux for reals

0 0
skyeyez9 24

But isn't there a way for you make him get your money back and reimburse you? Since the ass put it in the wrong stock?

0 0
cam007_fml 0

I bet the lawyer cheats him out of 6 grand, too.

1 0