TD Ameritrade
Cashed Out of Ivax Shares Instead of Teva Stock, Lost About $1200

It was several years ago now that TD Ameritrade stole $1200 from me. They did it legally (technically). I had shares of IVAX which was being taken over by TEVA in a stock and cash merger. TD Ameritrade contacted me asking me to send my request by mail as to whether I wanted stock or cash. I requested the TEVA stock as it was worth much more than the cash offer. A couple weeks later TD cashed my out of my IVAX stock claiming they didn't receive any communication from me. Now they didn't make any further attempt to call, email, or otherwise contact me. They just paid me off in cash for my IVAX shares resulting in my losing approx. $1200 on the transaction and having to pay tax on the gain. Now you and I both know they paid me off in cash and requested the stock from TEVA and kept it for sale themselves resulting in a gain of $1200 for themselves. I complained to the SEC, TD Ameritrade, WSDFA, FTC, and others to no avail. A very nice lady from the Federal Trade Commission was the only one who tried to help. TD snubbed their noses at her too. Watch out for these TD Ameritrade crooks!!!

Company: TD Ameritrade
Country: USA

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