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Report: #373220

Complaint Review: Rydex - Miami Florida

  • Submitted:
  • Updated:
  • Reported By: Miami Florida
  • Author Confirmed What's this?
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  • Rydex Miami, Florida U.S.A.

Rydex ETFs Investments 1-800.820.0888 Rydex is RipingOff investors during normal trading hrs by holding/blocking the normal price fluctuation of any of the financial web sites like Yahoo, Nasdaq so you will never know the real trading price of their ETFs during trading hrs. Rockville Maryland

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I try to purchase 51 shares of rea at 9:32 AM, Thur., 11, 2008 using TdAmeritrade account and notice that RYDEX manipulates the price of their ETFs by bringing the price sky high at 9:30 AM and keep it fixed for 2 or 3 hrs so new investors will not be able to buy at a low price therefore making you lose money. If you try to compare the trading price with yahoo auto-real price at the time of purchase, you will notice the price will remain frozen during the first 4 hrs of open market trading. So if you buy at 9:34 AM, at a manipulated price of 45.00 p/sh, that price will not change until 2:00 PM, or any time Rydex thinks is good for them to make a KILL therefore keeping investors confuse and force investors to buy at sky high prices or stay out of the market. If you want to sale in the morining or late morning, they will manipulate the price according to market situation. I email my complaint to Rydex and as of today, 09/15/2008, they have not fixed the frozen price issue. So my SOS message is do not buy price-manipulated ETFs frorm Rydex because ETFs should be treat it like stocks not mutual funds. They are manipulating prices to make people lose money.

Proactive
Miami, Florida
U.S.A.

This report was posted on Ripoff Report on 09/15/2008 07:21 PM and is a permanent record located here: https://www.ripoffreport.com/reports/rydex/miami-florida-33165/rydex-etfs-investments-1-8008200888-rydex-is-ripingoff-investors-during-normal-trading-h-373220. 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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