- Report: #853549
Report - Rebuttal - Arbitrate
Complaint Review: www.efloortrade.com
www.efloortrade.com255 South Orange Avenue, Suite 1505 Orlando, California United States of America
www.efloortrade.com John Moore, Chris Moore Disregard for the Letter of Direction Orlando, California
*Author of original report: John Efloortrade Moore aka Central Florida Wealth Management
*Author of original report: John efloortrade Moore Under Investigation for Churning
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The normal daily efloortrade commission cost for trading my www.tradethink.com portfolio should be no more than $90/$120 dollars or about $900/$1200 for those ten trading days. Efloortrade charged me $6740.00. Please do not misunderstand the message i am trying to convey in this warning to others. I have absolutely no problem absorbing and taking a loss when i have a legitimate www.tradethink.com system generated draw down. What Chris Moore and John Moore of www.efloortrade.com did to me was criminal and not even close to legitimate system directed trading. They completely disregarded the letter of direction made unauthorized trades and in so doing ended up trading my account value from 150,000 in October 2011 to about $70,000 by the time i found out what they were doing in Feb2012. I started with $200,000. I immediately stopped trading, and withdrew all the funds left over from www.Efloortrade.com's churning as fast as i could dial the phone.
I also complained to the www.efloortrade.com compliance department and received a phone call from a person who identified herself as a compliance officer at www.efloortrade.com Ann White. Another lie from www.efloortrade.com their is no compliance officer named Ann White at www.efloortrade.com, the persons real name is Ann Moore. She is the wife of Efloortrade head broker and proprietor John Moore and mother of the idiot mongoloid broker and psychopath at efloortrade Chris Moore. www.efloortrade.com is run by unethical, dishonest people who parade as honest commodity brokers. John Moore and his son Chris Moore should be avoided at the risk of great financial loss. I prey to GOD nobody dots any I's or crosses any T's with those piss ant criminals at www.efloortrade.com
I also immediatley called my buy/sell signal generator Jason Morse at www.Tradethink.com and asked if he would look over those two weeks of statements from www.efloortrade.com, to help me make some sense of what www.efloortrade.com was doing to me. Within a few minutes he called me back to confirm it was as bad or worse then i thought. He said my broker, (www.efloortrade.com) is churning for commissions and disregarding the letter of direction" and he said "the churning and unauthorized trades reflected incalculable lost principle in just those two weeks of trading". He said "besides the extra commissions generated for www.efloortrade.com from the churning, the extra principle loss was like rubbing salt in a wound or kicking a guy when he's already down" A month earlier i had just paid Jason Morse at www.tradethink.com $14,000.00 for the license to trade www.tradethink.com signals for one more year or until January 2013. When all this happened I told Jason Morse at www tradethink.com i was not trading anymore, and may never trade until this is all straightened out. I said, "I want the unused license fee for the two accounts $14,000.00 refunded back to me". "I've hardly used it and I have not made any profit in the 4 weeks I've had the license or the whole time (13 months) i've auto traded with www.tradethink.com, and in fact I've only compounded the lost money with the license cost." That's when Jason at www.thinktrade.com said "Larry, I know you are right, you are getting the shaft from www.efloortrade.com." "I can try to help you in almost anyway i can, but i will not refund your unused license money". Jason is willing to tell me when someone else is screwing me or pouring salt in my wounds and kicking me when I'm already down. But Jason at www.thinktrade.com fails to recognize when he's doing the same to me as my brokers at www.efloortrade.com. Jason at www.tradethink.com is responding just like the rest of the wall street psychos, but admits i'm being screwed by my broker for a lot of money. I'm a very lucky guy,(NOT). He (Jason) at www.thinktrade.com only ripped and took me for $14,000.00 for a license i may never use, that's all. Jason Morse at www.tradethink.com is the guy who introduced me to the crooked brokers John Moore, Chris Moore at www.efloortrade.com after i had my issues with MF Global. Of course he Jason at www.tradethink.com feels he did nothing wrong in any way at all. Jason Morse of www.thinktrade.com said he feels terrible about what www.efloortrade.com is doing to me, but doesn't feel bad enough to rectify his part of my much bigger problem. Not much different then the treatment I received from the psychopath commodity brokers John Moore and his son Chris Moore at www.efloortrade.com. They all show the same anti social traits with no regard for the consequences of their actions and a total lack of empathy. Jason Morse at www.tradethink.com is very friendly and displays a wonderfully glib sense of humor. He can spin the truth like a roulette wheel when it's in his best interest. He's been telling me he'll help me get the money back from the people who screwed and owe it to me, but he fails to see he owes something to me also, and should do the right thing for himself and www.tradethink.com by refunding and unwinding the deal for the unused license. It's also his job as part of keeping the www.tradethink.com reputation intact to unwind his business mistakes when appropriate and do the right thing. If you run an honest business, that is what you do. Not refunding and unwinding my www.tradethink.com license fee is wrong and not in Jason Morse or www.tradethink.com best interest. Current and future potential clients don't want to hear that you Jason Morse and www.tradethink.com compounded and made even worse what was already a clear ripoff of my money. You did help to make me aware of all the unethical treatment from www.efloortrade.com., Then you, Jason at www.thinktrade.com helped to make it even worse! You yourself admitted i was robbed by my broker at www.efloortrade.com. But you have no trouble doing the same thing to me. My story will and should cause many current and potential future commodity auto traders who may be investigating and doing their due diligence to think long and hard about auto trading with www.efloortrade.com or www.thinktrade.com and in my opinion they should have second thoughts about having anything to do with Jason Morse, commodity trading or www.tradethink.com after hearing about my experience with Jason Morse, Chris Morse at www.tradethink.com and John Moore and Chris Moore at www.efloortrade.com
This report was posted on Ripoff Report on 03/13/2012 11:21 PM and is a permanent record located here: http://www.ripoffreport.com/r/wwwefloortradecom/Orlando-California-94014/wwwefloortradecom-John-Moore-Chris-Moore-Disregard-for-the-Letter-of-Direction-Orlando-853549. 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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