- Report: #404463
Complaint Review: Monex - Newport Beach California
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Author Confirmed
Why?
Monex
4910 Birch St. Newport Beach, 92660 California, U.S.A.
Phone:
949-752-1400
Web:
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Monex misrepresentation Newport Beach California
monex broker justin dennis(actually a salesman) sold me bars of gold and silver bullion for $25,000. on margin. prior to purchase I asked if this was like commdies. NO was his answer. he stated gold had made a correction and ws at a bargain price and thiss was a perfect time to get in. he has been in the business 15 years and expected gold to raise rapidly! I bought, on his recomendation,2 bars of gold and 3 bars of silver.
when gold started to drop I called him and stated I felt it was time for me to sell before i lose any more on my purchase. "he stated he felt it was alittle preamture for me to do so!" stick it out gold will:rebound. weeks later I had a margain call and had to sell a bar of silver to cover the call. again I asked for his expertise on the matter. If it were his money he'd stay in as gold was making a correction. I foolishly stay with it.
gold kept declining. I finally decided to get out and called monex and sold everthing I owned. figuring I may have lost 6 or 7 thousand dollars I was shocked to find I had lost $18,000. dollars.
I complained to monex via this brokers superviser that I was misled by justin dennis and was extremely upset he gave me some underling who informed me I was in control of my account and mr. dennis would never advise or suggest a form of action. I am sure Monex knows exactly what mr. dennis duities are. Sell contracts get a commission. nothing more.
Clayton
chicago, Illinois
U.S.A.
when gold started to drop I called him and stated I felt it was time for me to sell before i lose any more on my purchase. "he stated he felt it was alittle preamture for me to do so!" stick it out gold will:rebound. weeks later I had a margain call and had to sell a bar of silver to cover the call. again I asked for his expertise on the matter. If it were his money he'd stay in as gold was making a correction. I foolishly stay with it.
gold kept declining. I finally decided to get out and called monex and sold everthing I owned. figuring I may have lost 6 or 7 thousand dollars I was shocked to find I had lost $18,000. dollars.
I complained to monex via this brokers superviser that I was misled by justin dennis and was extremely upset he gave me some underling who informed me I was in control of my account and mr. dennis would never advise or suggest a form of action. I am sure Monex knows exactly what mr. dennis duities are. Sell contracts get a commission. nothing more.
Clayton
chicago, Illinois
U.S.A.
