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Dean Witter ripoff Churning unauthorised trades, Wounldn't talk about it Toms River New Jersey
Dean witter gave me a new account manager who proceeded to make unauthorised trades and churned my account. In one month he racked up more in commissions than in the previous 2 years ($7,000)I was so shocked I transferred to another broker and it was a year before the damage was eveident.
When I went to the vice president he said I should have gone to him. I told him I was busy getting my money out of his control. At that time I probably have retained an attorney but many other things (like (-11) and the fact I was called to active duty got in the way. Now lots of time has passed but I wasnt everyone to know that if you have a problem there you won't get any help from management after your money has been stolen.
Walter
Island Heights, New Jersey
U.S.A.