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Report: #1432659

Complaint Review: Fidelity Investments - Cincinnati Ohio

  • Submitted:
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  • Reported By: nmsesq333 — Cincinnati Ohio United States
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  • Fidelity Investments Cincinnati, Ohio United States

Fideity Investments Fidelity fraudulent and unauthorized transactions and unauthorized funding to complete the transactions. Cincinnati Ohio

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On or about February 6, 2018 I attempted to place a market order for a security in my IRA through Active Trader Pro. The site did not acknowledge that i placed the order. I then went to the website which was down and the mobile app which was also down. I could not find acknowledgment of my trade order. I then restarted active trader pro and found that not only had my market order been placed but two other market orders for the same amount had been placed as well. The most astonishing thing was that I did not have enough money in the account to even purchase the two other market orders. Fidelity's Active Trader Pro provided my account momentarily more than a quarter million dollars and placed the trades without my knowledge or consent. I sold immediately to cover, and of course, then the fake money that had allowed the unauthorized and un-directed purchases to take place disappeared, leaving me with only a huge loss of more than $20,000.00. When I raised the issue with the company, it accused me of dishonesty and stated that the acknowledged computer issues it had that morning did not cause the issue. I wish the company to reverse the transactions.

This report was posted on Ripoff Report on 03/05/2018 07:08 PM and is a permanent record located here: https://www.ripoffreport.com/reports/fidelity-investments/cincinnati-ohio/fideity-investments-fidelity-fraudulent-and-unauthorized-transactions-and-unauthorized-fu-1432659. 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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