Comments on: TradeKing Extends $50 Bonus Offer http://www.consumerismcommentary.com/2008/10/30/tradeking-extends-50-bonus-offer/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Judy Matthews http://www.consumerismcommentary.com/2008/10/30/tradeking-extends-50-bonus-offer/#comment-185804 Judy Matthews Sat, 08 Nov 2008 03:44:32 +0000 http://www.consumerismcommentary.com/?p=4417#comment-185804 Subject: Not allowing me to sell my stock. A few days ago on 10/31/08 I bought ( MGM ) when the stock started to tumble I tried to sell it, and TradeKing website would not let me. It returned a message saying:( that I was trying to sell a stock that had not yet settled ). This cost me, I lost over a dollar a share so I called and I was told that I had to have a margin account in order to buy and sell up to 3 stocks in a 5 day period of time. so I opened a margin account and waited. After about 2.5 days I got a letter saying my margin account was now open, So tried to sell ( MGM ) and there website let me. The next day I bought (s) and (GNBT). I held it for 2 days and then tried to sell it. Again there site would not let me. I got a message that said the account was restricted. So I called trade king and asked why. First I was told I bought more shares of (MGM) than I had money so the account was restricted for 90 days. I told TradeKing I did not buy too many shares that after I bought my shares that I had money left over. Then I was told that I sold MGM to soon. Well after I opened a margin account 2.5 days latter, I told TradeKing there site let me sell (MGM) so I assumed that everything was alright because the only thing that will over ride there site, is if a person calls in and tells them to sell it. Which I did not. Tradeking told me that they sent a letter saying that I was restricted, which they did not. ( I told TradeKing check there sent mail and you will see that they did not send me a letter ) and even if I was restricted why did trade king allow me to buy more stock after I was restricted? And if I was restricted, I told TradeKing they need to reimburse me for the difference. The money I lost on the stock after I was restricted since I was not allowed to sell it. It seems to me a person can buy stock at Tradeking but they can not sell it. So I got fed up and called and asked trade king to sell all my stocks, (S) (SIRI) and (GNBT) I had to argue with them for over 30 min. before they sold my stocks for me and it was falling in price. Sincerely, Judy T Matthews http://www.tradeking.com/ Subject: Not allowing me to sell my stock.

A few days ago on 10/31/08 I bought ( MGM ) when the stock started to tumble I tried to sell it, and TradeKing website would not let me. It returned a message saying:( that I was trying to sell a stock that had not yet settled ). This cost me, I lost over a dollar a share so I called and I was told that I had to have a margin account in order to buy and sell up to 3 stocks in a 5 day period of time. so I opened a margin account and waited. After about 2.5 days I got a letter saying my margin account was now open, So tried to sell ( MGM ) and there website let me. The next day I bought (s) and (GNBT). I held it for 2 days and then tried to sell it. Again there site would not let me. I got a message that said the account was restricted. So I called trade king and asked why. First I was told I bought more shares of (MGM) than I had money so the account was restricted for 90 days. I told TradeKing I did not buy too many shares that after I bought my shares that I had money left over. Then I was told that I sold MGM to soon. Well after I opened a margin account 2.5 days latter, I told TradeKing there site let me sell (MGM) so I assumed that everything was alright because the only thing that will over ride there site, is if a person calls in and tells them to sell it. Which I did not. Tradeking told me that they sent a letter saying that I was restricted, which they did not. ( I told TradeKing check there sent mail and you will see that they did not send me a letter ) and even if I was restricted why did trade king allow me to buy more stock after I was restricted? And if I was restricted, I told TradeKing they need to reimburse me for the difference. The money I lost on the stock after I was restricted since I was not allowed to sell it. It seems to me a person can buy stock at Tradeking but they can not sell it. So I got fed up and called and asked trade king to sell all my stocks, (S) (SIRI) and (GNBT) I had to argue with them for over 30 min. before they sold my stocks for me and it was falling in price.
Sincerely, Judy T Matthews

http://www.tradeking.com/

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