nodak wrote:Yeah, this kind of stuff really bothers me. Hope no damage was done to her account. A couple things that standout from your post:
He was “arrested for giving financial advice without a license”. People do that all the time without getting in trouble. He must have really crossed a line with somebody (lost their money, misused their info…). From that, I would assume its not all sunshine and roses for everybody that has entrusted him. (on the other hand, it could have been a website issue)
Also, it sounds like you have not seen her account and based on her not knowing what funds she is in, she probable hasn’t looked recently either. So, where is she getting the 16% number from –taking his word for it maybe? And what does “getting 16%” mean? YTD? Last 12 months? Average?
Good luck, hope you can get her to change her password ASAP. Assure her that she can invest on her own, she doesn’t need some coworkers “help”.
16% Last 12 months
I'm beginning to think she's just old and won't listen to us. I'm going to print this thread and show her that even strangers care about her too.