Legal Question in Investment Law in California
My Monex account representative did not follow my instructions and he did not advise me that I purchased of a gold bullion. I had specifically asked for several quotes for all the different gold and silver coins, and a quote on his commission, and the shipping charges, and of course the amount for the margin call. I had never freely agreed to any purchase on that day. But they have a tape from their "trade" line that I said "yes" to a "GBV" and he never advised me that I made a purchase. Now I have a loss of $600 for the difference in the buy and sell price because they considered this as a default according to the account agreement. What should I do to get my money back?
1 Answer from Attorneys
First, LawGuru attorneys are not supposed to answer questions identifying potential defendants in lawsuits. So, I'll limit my comments to saying that with a loss of $600, your remedy would not involve hiring a lawyer. Perhaps go higher up in the seller's organization to try to find a sympathetic ear. Then, maybe contact the federal regulatory body that supervises this kind of dealer. Don't know it that'd be the SEC, CFTC or ???
Related Questions & Answers
-
Can a major company like AAA sue me for starting a business similar to theirs? Asked 5/18/13, 5:27 pm in United States California Investment Law
-
I saw a case about how a woman loaned man money. But the man says it was an... Asked 4/22/13, 10:23 am in United States California Investment Law