- Report: #936502
Report - Rebuttal - Arbitrate
Complaint Review: Newbridge Alliance, John Adam King II
Newbridge Alliance, John Adam King II2161 PALM BEACH LAKES BOULEVARD WEST PALM BEACH FL Palm Beach, Florida United States of America
Newbridge Alliance, John Adam King II Global Bullion Exchange PUBLIC ORDER CRIMES Palm Beach, Florida
This company cannot afford a $50 retainer per salesman to solicit sales over the telephone. & they are spoda have gold & silver & platinum & palladium?!?!?!?!?!??!
John Adam King's former company: https://www.youtube.com/watch?v=CuZ64JD1AL0
November 7, 2008
It is unfortunate that this client feels the way they do. Every effort is made by Global Bullion Exchange, LLC to insure each client's account is properly handled and any client issues are resolved immediately. Unfortunately though as with every investment, there is always the potential the client could make or lose money as nothing is ever guaranteed. Global Bullion Exchange, LLC only handles non-discretionary accounts, so if the market turns and the client is unreachable, we are unable to place a sell on their account. This prevents a client from being churned" simply to generate a commission.
Because of this, our brokers stay in constant contact weekly with all existing clients and it is the client's responsibility to work with their broker in managing the account. While we do earn a commission for our work, it is a set one-time fee which allows unlimited trading of their current metal position for the life of the account, including unlimited sells. This saves the client a large sum of money as each account will have numerous buy and sell transactions. We sincerely regret that you had any concerns with our company and would like to be given the chance to rectify the situation if possible as well as explain what our total commissions were as there seems to be a misunderstanding. Please contact us at your earliest convenience.
Director of Client Management
Global Bullion Exchange, LLC
If you invested with this outfit, you might want to contact If you have been ripped off by John Adam King II 1-800-CALLFBI (225-5324) or the CFTC @ 866-366-2382
This report was posted on Ripoff Report on 09/04/2012 04:35 AM and is a permanent record located here: http://www.ripoffreport.com/r/Newbridge-Alliance-John-Adam-King-II/Palm-Beach-Florida-33410/Newbridge-Alliance-John-Adam-King-II-Global-Bullion-Exchange-PUBLIC-ORDER-CRIMES-Palm-Be-936502. 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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