Complaint Review: DWS Scudder - Kansas City Missouri
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I had a Deutschre Managed Municipal Bond Fund-S with DWS Scudder which I have had since 1989 or so. The December Year-End Account Statement which I received on January 7, 2021 showed and ending portfolio value on 12/31/2020 of $94,595,36. At the bottom of the Statement are the following words: "Not FDIC Insured . No Bank Guarantee . May Lose Value" The balance in my fund Account 917700526 is now zero and I have received no communication why they have reduced my account to nothing. I do not believe DWS Scudder is justified in taking my entire funds without any explanation or warning.
This report was posted on Ripoff Report on 03/29/2021 04:57 PM and is a permanent record located here: https://www.ripoffreport.com/report/dws-scudder/kansas-city-missouri-stole-no-1506530. 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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