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Report: #703130

Complaint Review: Scottsdale Capital Advisors - Paradise Valley Arizona

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  • Reported By: Jim — Laguna Beach California United States of America
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  • Scottsdale Capital Advisors 7170 E. McDonald Drive, Suite 6 Paradise Valley, Arizona United States of America

Scottsdale Capital Advisors Justine Henry, John Henry, Nick O'Neil, Timothy Scarpino Normal commission charges were $8.50, they charged $1094.34 Paradise Valley, Arizona

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In less than two years, I made over 800 trades with one of their broker reps.  The day after they terminated the rep, I placed two trades, each for 1000 shares.  This was with the newly assigned broker rep.  One trade they charged $8.95, the second they charged $1094.34.  They claimed the higher fee was because I called in the trade as opposed to placing it on line. 

Previosly I had called in many trades and was always charged the normal fee.  The new rep never told me about any exorbitant fee or certainly I would not have placed the trade.  When I discovered the amount charged, I assumed it was just a simple typo type mistake.  After making several calls to resolve the issue, I was told that the higher fee was correct and that was what they were going to charge me.

This report was posted on Ripoff Report on 03/05/2011 04:08 PM and is a permanent record located here: https://www.ripoffreport.com/reports/scottsdale-capital-advisors/paradise-valley-arizona-85253/scottsdale-capital-advisors-justine-henry-john-henry-nick-oneil-timothy-scarpino-norma-703130. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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