• Report: #1091189

Complaint Review: JD Nicholas and Associates

  • Submitted: Fri, October 11, 2013
  • Updated: Fri, October 11, 2013

  • Reported By: Gordon K — Chula Vista California
JD Nicholas and Associates
6901 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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#1 General Comment

DEF CALL

AUTHOR: K Man - ()

I had a very similar experience , they took 64K from me through commissions and much broker misconduct....This was very unjustified, didn't know what to do or how to get  my money back.....

 I found this individual, he speclaizes in stock market lkoss recovery.  He got mr 39K back in a settlement case.  They are so good !!!!

 We sued eveeryone involved , they eventiually made a deal....

Kieran 

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