TD Ameritrade Lawsuit _Brett L. Eliason Vs TD Ameritrade_ $7 Million-Fraud and Deliberately Suspending trading account to convert fund
TD Ameritrade arbitration case . The claimant won $7 Million . TD Ameritrade deliberately locked the client out of his account and then sold all his securities for their own profit .
Claimant asserted the following causes of action in the Statement of Claim: 1) breach of contract; 2) breach of covenant of good faith and fair dealing; 3) conversion; 4) breach of FINRA Rules; 5) intentional Infliction of emotional distress: 6) negligent infliction of emotional distress; 7) negligence; and 8) tortious interference with economic relations. The causes of action relate to the suspension of trading account that relied on margin credit.