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There is nothing more exciting and frustrating than trading stocks on the Internet. In addition to trading stocks since 1964, Mr. Schulz opened and began trading his first Internet account in 1977. Since that time he has had an Internet/online trading account with almost all the major Internet brokerage firms. The complaints about on-line and Internet trading escalated with the surge in trading volume in 1999. Mr. Schulz has been a securities expert in almost every type of online trading case. The following are just a few examples: improper margin liquidation, late or improper order execution, unfair or unprofessional handling of the client's account or orders, order failure, and inadequate or inept account and customer service.
As recently as 2010, Mr. Schulz was the sole testifying expert for the claimants in an online trading case against Ameritrade. Due, in part, to Mr. Schulz's investigation, case prep, and testimony at the hearing, the claimants were awarded almost $7 million ($6,924,538). The result was so significant that the award was reported in the PIABA Bar Journal's Volume 17 No. 3.
Mr. Schulz has written four articles on the subject, which are listed below.
 "No Duty – Does Suitability Apply to Internet Brokerage Firms?". Published and presented at Public Investor's Arbitration Bar Association, PIABA October, 2000. The article address the position of internet firms that say they have no duties as it relates to "suitability" and the "Know Your Customer Rule". E*Trade is discussed specifically.
"Perils of the Net Trader". Published in The Colorado Springs Business Journal, October 1999. This article specifically addresses an investor whose order execution with an internet trading firm was duplicated due to the firm's admitted false representation and how the firm dealt with the customer's complaint.
"Internet Market Orders Can Be Dangerous". Published in The Colorado Springs Business Journal, August 20, 1999. This article addresses the use of market orders, limit orders, stop orders, and stop limit orders as they relate to internet trading.
"Internet Trading - Take a Walk on the Wild Side". Published in Securities Arbitration 1999, Practicing Law Institute, July 1999. This article addresses the booming market in Internet trading; the pitfalls, and conflicts in trading through Internet brokerage firms, as well as the liability.
In October of 2000, Mr. Schulz spoke at the Public Investor's Arbitration Bar Association (PIABA) annual meeting on internet trading. In 1999, Mr. Schulz also spoke and gave computer demonstrations on the mechanics and problems of Internet trading at the national Practicing Law Institute annual seminar on Securities Arbitration in San Francisco, California and at the Public Investor's Arbitration Bar Association (PIABA) annual meeting in Palm Desert, California.
Mr. Schulz is well qualified to address any issues you have regarding online or Internet trading. |
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© Invest Securities Consulting, Inc.
Last Updated: September 2011 |
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