Report: #1287934

Complaint Review: Interactive Brokers - Internet

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Ripoff Report is Xcentric Ventures

Submitted: Tue, February 16, 2016
Updated: Tue, February 16, 2016
Reported By: Rhys — Orlando Florida USA

Author Not Confirmed

Why?

Interactive Brokers Internet USA

Phone:
Web: www.interactivebrokers.com
Category: Brokerage Companies

Interactive Brokers Motley Fool Help Funds on Transfer of IRA Internet

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As a memeber of Motley Fool I subscribed to their portfolio managment proposal. I initially entrusted my 401(K) account which I maintained at BB&T to their managment which is handled thru Interactive Brokers in Chicago. After following their byzantine transfer/rollover instructions, they held my deposit for 14 days. This deposit was for $650,000. They sat on my money earning interest for two weeks. The check for the roll over was drawn on a BB&T account. This check cleared overnight and these people wrongfully withheld my funds. I have lost income based on their mismanagment.

This report was posted on Ripoff Report on 02/16/2016 06:56 AM and is a permanent record located here: https://www.ripoffreport.com/reports/interactive-brokers/internet/interactive-brokers-motley-fool-help-funds-on-transfer-of-ira-internet-1287934. 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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