Smithbarney Citigroup Global Mkts
Inc "managed account" takes a percentage of your investment in return for choosing poor stocks and then holding them until worthles Broker is incompetent. Company is a fraud. Customer is a fool

Business & Finance

A simple plan. The brokerage makes the investments, buys and sells stocks and charges the investor a flat percentage rate.investor believes the broker has a knack for doing this. Broker has a research department, experience and knows how to choose winning stocks and avoid loosers. At the very least, broker knows how to leave positions that are failing, thereby preserving the investor's capitol.

The reality is best shown thru examples.

AOL Time Warner, paid $4383 holding at $1227.
ARIBA paid $1615 holding at $ 83.
CORNING paid $2500 holding at $ 433.
HEWLETT PACKARD paid $2012 holding at $ 779
MOTOROLA paid $3194 holding at $1124
BROADVISION paid $5129 sold at $ 69.
ENRON paid $4144 sold at $ 7.75
GLOBAL CROSSING paid $3000 sold at $ 5.70
EXODUS COMMUNICATION pd $3218. Sold at $ 13.50

Broker is incompetent. Company is a fraud. Customer is a fool

Dirk
glenarm, Illinois
U.S.A.


Company: Smithbarney Citigroup Global Mkts
Country: USA
State: Illinois
City: Chicago
Address: 3 First Natl Plaza Ste 5100
Phone: 3124193600
  <     >  

RELATED COMPLAINTS

Secure Holding Investments
Consumer Report

Robert B. Cordiak, Bob Cordiak, RBC Dain Rauscher
Pushed for me to buy stocks from the firm's cache of bad stocks to get them off their hands

Dhl
Shipment being held / non delivery

WFS Financial
Holding Paid Off Title HOLDING TITLE OF VEHICLE PAID OFF GIVING WRONG INFO Ripoff California & Florida

Green Automotive Company
GACR Green Automotive Company investor scam

Morgan Keegan Investment Group
Morgan Keegan & Company, Inc. Broker told investor of his"fuditiary" responsibility and then put this Senior Citizen in a 10 year annuity and did not even offer any other investment alternatives. Now he's stuck with a huge fee to get out of the contract

Doubling Stocks - Michael Cohen - Global Marketing Corporation
Doubling Stocks SCAM ARTIST, makes money by selling stocks they recommend you buy

Paradigm One Brokers, Vincent Tat-Broker
Ripoff, dishonest, misrepresentation, commingling funds, irresponsive, break of contract, holding hostage of tenants' deposit Gilbe

Merrill Lynch
Co, Inc ripoff investor fraud investor ripoff tech bubble biased research poor investment advice lost money clients

E Trade Securities
E TRade rip off the small investor, violates Federal Consumer Act, extorts clients