Friday, August 17, 2018

211 Market Corruption Even at The Trade Execution Level

Scottrade did dirty conspiracies with this guy but at least I was able to log to my trading platform easily. But now after they were acquired by TdAmeritarde their Thinkorswim Trading Platform keeps the message "installing update" for a very long time on my screen until it shows me where I enter my login information (if at all) and it is hard to avoid the thought that it is being done for this guy.   


If that is not outrageous enough, take a look here. Here is a snapshot I took to a screen of my account with Schwab (with account number cut out) where the guy suddenly decided to disable me from trading this stock despite trading it numerous times before (and after) that stoppage period.

You can also see how within that same snapshot where the top tells me that the order cannot be accepted because the "security symbol is invalid", the bottom of the page shows a quote for that security. Also notice the arrow in the symbol box which imply that the symbol was selected from a provided list (for the stocks in which I own shares) not entered by the user. This was more than just for imposing his control. He did this because he wanted me to use my Fidelity account where he apparently has it easier to intercept trade executions. This came fitting what I had already noticed about his access to the execution of my trades though Fidelity and I am not fitting things in hindsight here.  
This reminds me of another corruption incident several years ago where he stopped me from buying this same stock even though I was offering the bid price at my account with Trade Monster (acquired later by Trade King).
You think we should see what was Schwab's answer for this?
I did seek that (and provided this same snapshot screen) and they responded to my email with a message telling me that there is a response in my message box at my account. When I opened the latter it was also an automatic message with no special content about the matter. However, although this trade refusal kept happening every time I entered an order for that stock there during that period,  it did not happen again after I wrote to them about it, at least up to now. 
  

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