Today, I found out my broker invested my $6000 in the wrong stock. How did I find out? He called me to let me know the stock crashed. FML
Collection
Fall
Dead leaves, the first cold of the season and an umbrella flipped inside out: fall, the season of grace.
Today, I learned that my dad invested my entire college fund into some shady internet stock, despite my dire warnings about being careful. He told me not to worry as he'd done some research, and he guaranteed everything would be fine. Two hours later that same stock dropped almost 75%. FML
Today, my portfolio manager called me and said he had invested all of my retirement in Circuit City. FML
Today, my husband had to admit that he lost 5000$ on a cryptocurrency scam that some asshole Twitch streamer convinced him to invest in via Twitter. FML
Today, I got fired from my position as a financial investor for giving a client the exact investment he asked for, even though the investment was out of my mandate, and I had gone to my direct manager to authorize the investment. My manager was promoted. FML
Today, I tried to sell 2,000 options contracts, but I bought them instead, resulting in a big loss. FML
Today, my boss told me that I was getting a promotion. I was so excited to tell my family and friends the good news, but when I got home and checked my bank account, I realized that I had accidentally transferred all of my savings to my ex's account. FML
Today, I frantically told my parents that my bank account had no money. Turns out, they took the $1,600 I had saved up from a summer job and invested it in penny-stocks. I was grounded because they were "doing it for the family," and I'm being selfish. They also had lost it all in a matter of days. FML
Today, I found out that the $200 a week I was paying my dad for my car insurance and payment, wasn't actually paying my insurance and car payment. How did I find out he wasn't paying? Repo man took my car. FML
Today, my brother finally paid me the $60 he owed me. I later found out that he'd stolen those $60 from my wallet. FML
Today, I found out that after three years of telling my boss our strategy wasn't going to work, that I was right - it didn't work. I also found out that because it didn't work, I lost my job. My boss still has his. FML
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Top comments
hitmanoo 16
if he's a licenced broker you can easily recoup your $. sue.
ProfessorNinja 0
You shouldn't need to sue. As your broker, he has a fiduciary responsibility to act in your best interest, which includes investing only in what you tell him to. As such, he's more than likely to carry Errors and Omissions insurance of some sort. Assuming you can demonstrate the error was his, you should neither need to sue nor threaten to sue. Ask him to submit an E&O claim. At six grand, it should barely dent his premiums. He won't even bat an eye.
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Comments (60)
CallMeHush 1
More money than brains, get a better broker. If you stay with him and are determined to lose more money, invest some in my race team. I'll make sure you get exposure and a t-shirt, more than you got with the other guy ;)
purpleisacolor 0
and whos to say he invested it at all? corruption is rampant. but either way ydi
sarah03_fml 0
time to ge a new broker
usaicup 0
I am calling shenanigans on this one. This is 2010, whose broker is calling them over a measley $6k? Also, brokers are highly regulated...
glamBEEICH 0
time for someone to get they ass whooped!
nanner6206 24
their
JJ5 2
agreed
FerrariF430 0
that sucks...
santos20 0
I agree 6k is too little to sue over, they will laugh at you...some ppl just have no idea what they would be up against if they decided to sue a broker...so your research
perdix 31
You told him to put it in pork bellies, and he found a high-class, grotesque call girl who charged your broker $6,000 so he could pork her in her belly fat rolls. You may want to donate your dividends to the sperm bank. Sorry.
cam007_fml 0
Hell yeah.
CallMeHush 1
Once it has mixed with frumunda cheese you can't sell it.
JJ5 2
what?