PAPER RECORDS RULE MEMORIES DROOL –BUY A STORAGE BOX AT OFFICE DEPOT
This may disturb you, but it's just grist for the mill here. When you charge a broker with fraud or self-dealing or communications failures some brokers can go into their office computers and change statements. Brokers have been caught doing this, they have been fired, some face criminal charges… Prison food doesn't compare to steak dinners paid for with your money. Here's a message: keep your statements! Go to Office Depot buy yourself a plastic tub or cardboard box and throw them in, not out with the trash. Why? If I'm in arbitration with you on my side and I show the arbitrators a monthly paper statement which has a transaction……then I show the arbitrator what the broker submitted in response to a subpoena. If they don't jive: the glove don't fit. Major fireworks, major trauma, the arbitrators tell the brokerage house to write you a check. It's a sure win for the claimant in arbitration when the broker changed computer records. It happens, sadly. So here's the message: keep those paper records.