Money: Today, I found out my broker invested my $6000 in the wrong stock.... - FML

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

I agree, your life sucks 30 371

You deserved it 3 649

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Same thing different taste

Pump and dump

By Anonymous - 07/05/2017 20:00

Today, I learned that my dad invested my entire college fund into some shady internet stock, despite my dire warnings about being careful. He told me not to worry as he'd done some research, and he guaranteed everything would be fine. Two hours later that same stock dropped almost 75%. FML

I agree, your life sucks 7 059

You deserved it 430

By Noname - 13/01/2009 10:06 - United States

Today, my portfolio manager called me and said he had invested all of my retirement in Circuit City. FML

I agree, your life sucks 37 759

You deserved it 3 109

Pump and dump

By Anonymous - 05/07/2021 16:00

Today, my husband had to admit that he lost 5000$ on a cryptocurrency scam that some asshole Twitch streamer convinced him to invest in via Twitter. FML

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By JONNO - 27/04/2019 14:00

Today, I got fired from my position as a financial investor for giving a client the exact investment he asked for, even though the investment was out of my mandate, and I had gone to my direct manager to authorize the investment. My manager was promoted. FML

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By Dope - 24/12/2008 11:23 - United States

Today, I tried to sell 2,000 options contracts, but I bought them instead, resulting in a big loss. FML

I agree, your life sucks 7 729

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Mixed feeling

By Anonymous - 07/02/2023 12:00

Today, my boss told me that I was getting a promotion. I was so excited to tell my family and friends the good news, but when I got home and checked my bank account, I realized that I had accidentally transferred all of my savings to my ex's account. FML

I agree, your life sucks 271

You deserved it 1 082

By poor man - 26/11/2014 14:13 - United States - Fort Lauderdale

Today, I frantically told my parents that my bank account had no money. Turns out, they took the $1,600 I had saved up from a summer job and invested it in penny-stocks. I was grounded because they were "doing it for the family," and I'm being selfish. They also had lost it all in a matter of days. FML

I agree, your life sucks 44 768

You deserved it 2 994

By thankspops - 29/09/2010 23:04 - United States

Today, I found out that the $200 a week I was paying my dad for my car insurance and payment, wasn't actually paying my insurance and car payment. How did I find out he wasn't paying? Repo man took my car. FML

I agree, your life sucks 31 650

You deserved it 3 333

By Anonymous - 10/06/2014 03:30 - United States - Crowley

Today, I found out that my boyfriend paid a guy to tell me he was dead. FML

I agree, your life sucks 54 095

You deserved it 6 260

By Anonymous - 03/10/2013 21:40 - Canada - Markham

Today, my brother finally paid me the $60 he owed me. I later found out that he'd stolen those $60 from my wallet. FML

I agree, your life sucks 49 109

You deserved it 3 868

Next

Top comments

hitmanoo 16

Friday 12 February 2010 1:09

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

ProfessorNinja 0

Friday 12 February 2010 3:38

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.

Comments

CallMeHush 0

Friday 12 February 2010 4:02

More money than brains, get a better broker. If you stay with him and are determined to lose more money, invest some in my race team. I'll make sure you get exposure and a t-shirt, more than you got with the other guy ;)

purpleisacolor 0

Friday 12 February 2010 4:02

and whos to say he invested it at all? corruption is rampant. but either way ydi

sarah03_fml 0

Friday 12 February 2010 4:13

time to ge a new broker

usaicup 0

Friday 12 February 2010 4:22

I am calling shenanigans on this one. This is 2010, whose broker is calling them over a measley $6k? Also, brokers are highly regulated...

glamBEEICH 0

Friday 12 February 2010 4:26

time for someone to get they ass whooped!

nanner6206 24

Friday 1 July 2016 15:38

their

JJ5 2

Friday 12 February 2010 4:33

agreed

FerrariF430 0

Friday 12 February 2010 4:55

that sucks...

santos20 0

Friday 12 February 2010 4:56

I agree 6k is too little to sue over, they will laugh at you...some ppl just have no idea what they would be up against if they decided to sue a broker...so your research

perdix 29

Friday 12 February 2010 5:09

You told him to put it in pork bellies, and he found a high-class, grotesque call girl who charged your broker $6,000 so he could pork her in her belly fat rolls. You may want to donate your dividends to the sperm bank. Sorry.

cam007_fml 0

Friday 12 February 2010 7:13

Hell yeah.

CallMeHush 0

Friday 12 February 2010 9:44

Once it has mixed with frumunda cheese you can't sell it.

JJ5 2

Friday 12 February 2010 5:45

what?

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