Corporate Impropriety
The last several decades have radically transformed the way business is done in America. Now, it seems that the consumer is completely helpless when it comes to corporate wrongdoing, unfair trade practices, unacceptable customer service and the impenetrable walls erected to obstruct the proper redress of grievances with the companies we all do business with.
American companies are so large that consumers can no longer penetrate the frustrating barricades of low-level customer service representatives or the high-security fortresses of corporate home offices, to reach someone who can adequately assist them.
Deregulation and pay-to-play politics has empowered companies to brazenly abandon ethical business standards. Through deceptive fine print and incomprehensible legal jargon, companies by and large no longer have to obey even the most basic principles of fairness in the marketplace.
Below are examples of companies who not only operate using unfair business practices, they actually engage in outright theft using practices that violate even their own Terms & Conditions.
If you have been victimized by one of the above companies or a company not listed, please let us know.
The Obama administration does appear to be aware of the current, widespread abuse of large, American companies. Read this pamphlet to see their plan:
Etrade allowed me, with no proof of my having options trading experience whatsoever (and I had none), to trade the full balance of my retirement account in options. I clearly did not understand the level of risk involved or the level of market manipulation being conducted by the FED or I would not have put my money at risk in that way. I was completely wiped out one year ago. I lost more than $700K. I was trading on fundamentals and it was incomprehensible to me that the market could continue going up, and up, and up….. I wonder if I could make a case against eTrade. Did they have some fiduciary responsibility to ascertain whether I had any true options trading experience before allowing me to trade options in an IRA account, let alone trade 100% of my account balance in options? Thanks kindly for any advice.