- Report: #1041953
Report - Rebuttal - Arbitrate
Complaint Review: Monex
Monex4910 Birch Street, Newport Beach CA 92660 Internet United States of America
Monex Monex Deposit Co Poor trader supervision and strategy, Internet
*General Comment: Ripoff by Monex
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Dear Mr. Carabini,
Taking a moment here
to write you a short note regarding my experience with your company. Basically
during this recent bull market in precious
commodities your trader ****** ******** traded my account and lost thousands of
dollars. This represented a large percentage of the total account entrusted to
him. I am sure there are stories and explanations aplenty. I am also sure there
are numerous protections in place preventing you and your firm from having to
traders at your firm need a unified strategy if you have so many experts
well put them all together and have a unified direction so investors do not
bleed out at your firm. The concept that a trader at one desk does what he
thinks makes sense and the trader at the next desk does what he thinks makes
sense is clearly not working.
I look forward to a
refund of my hard earned - easily lost money. But that likely will not happen.
At any rate I will be sure to publicize online your response. This disappointing
record of losses I had with your firm,
needs to be publicized - perhaps preventing yet some other fellow from
suffering the same losses - due to basically poor strategy and lack of proper supervision
at your firm.
Note - they are probably fine as a depository - lousy at trading.
This report was posted on Ripoff Report on 04/09/2013 03:20 PM and is a permanent record located here: http://www.ripoffreport.com/r/Monex/internet/Monex-Monex-Deposit-Co-Poor-trader-supervision-and-strategy-Internet-1041953. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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