December 19, 05 by kenrich
This article indicates that companies who fail to keep their customer’s information private are being punished by their consumers. Nearly 20% of customers cancel their account immediately after hearing about a company’s failure.
Estimates are that the bigger companies lose as much as $15 million dollars for each infraction due to consumer revolt. This is one of the few ways consumers can take action against big companies. Thus, we see it is important for consumers to protect their privacy. It is in all of our best interests to only deal with companies that run a respectable and honest business.
May 11, 05 by kenrich
My brokerage account has just been suspended by my stupid investment company. The reason for this they cited was “Day Trading”. This is rediculous since I placed the order the day before to buy and then a sell on the next day. It’s their own stupid fault that their buy order didn’t go through on the right day.
Managing your own investments can be really frustring. I’ve pretty much had it with my current investment company. I will be switching to a better online brokerage immediately. Especially since my current one has slapped a 90 day restriction on my account preventing me from placing any orders at all.
They say that this is due to government restrictions. I think it’s all a big load of crap. This is a good warning to others: be careful to read the terms and conditions for your investment account - you don’t want to be left out in the cold like I am now.
