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Yes but I thought i could say yes or no after reviewing the contract.
Thank you for your response. So even though he implied that I could continue on with the firm after reviewing their paper work, I still need to sen him a check. We did not discuss other charges that would be added to the stock price and this is what I find difficult to accept. So they have an account set up for me and say I have to sign the paperwork but if I do, I lose all .my rights.
The paperwork is the Customer Agreemement with all the terms, fees and arbitration. Final sentence is "By my signiture on the account application, I acknowledge that I have received, read, and understand and agree to the terms.....and the agreemeent contains a predispute arbitration clause. The broker is in New York an I am in Florida if that helps.
Not being an attorney, I just don't understand alot of the clauses but it is written in their favor such as if they feel like it an I can't or dont respond then they can sell .... and charge me their commision and other fees they seem reasonable. Items like that make me feel they have all the power and I will have very limited power. I know I can litigate but do not want to have to be there. The paperwork said settlement is "three business days from the trade date" which has come and gone. I assume that since they did not get my check then they woulld have cancelled my account. Since I did not sign their contract, I have npt yet agreed to their terms which were not relayed on the phone.
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