- Report: #1091189
Report - Rebuttal - Arbitrate
Complaint Review: JD Nicholas and Associates
JD Nicholas and Associates6901 Jericho Turnpike st. 217, Syosset, New York USA
JD Nicholas and Associates Made promises of large profits, misused funds, would not perform a sell order causing me to lose 27k to margin calls. Syosset New York
*General Comment: DEF CALL
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JD Nicholas failed to put stop calls on my orders as I asked for on all purchases. They misused my account to do day trades without my consent. When they made a large order and didn't put a stop call on it, I told them to sell the position but they would not stating that it would come back. It didn't and I got stuck for a 27k margin call. Their explanation for the whole mess was, in exact words, my bad. I have an attorney who would do a class action suit if I were able to get other victoms names and email addresses. Let me know if you can help me out with getting a list.
This report was posted on Ripoff Report on 10/11/2013 09:26 AM and is a permanent record located here: http://www.ripoffreport.com/r/JD-Nicholas-and-Associates/Syosset-New-York-11791/JD-Nicholas-and-Associates-Made-promises-of-large-profits-misused-funds-would-not-perfo-1091189. 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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