TRADER LOSES $120,000 but TD Ameritrade refuses to honor their policy of making customers whole ….

TD Ameritrade Lawsuit_Hoffman Vs TD Waterhouse_Unauthorized Trades

NEW YORK–TD Waterhouse Group was sued by a New Mexico investor who claims the Internet broker made unauthorized online trades to generate larger commissions, according to reports.

In a suit filed in U.S. District Court in Manhattan, Tony H. Hoffman of Albuquerque alleges the company’s online unit processed two trades for shares of Shop At Home even after Hoffman canceled the trades and received email confirmation of their cancellation, the Wall Street Journal reported.

Class-action status is being sought for the suit, which also alleges Waterhouse charged high commissions to Hoffman’s account to try to collect fees owed; TD Waterhouse wouldn’t comment as it hasn’t yet seen the suit, the paper said.


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