Wednesday, August 10, 2005
Ameritrade is Accused of Delaying Trades
Kevin O'Hanlon, Associated Press Writer, 10 August 2005LINCOLN, Neb. -- Online broker Ameritrade is being accused of costing investors $100 million by delaying orders to buy and sell stock.A class-action lawsuit filed in U.S. District Court alleges that Omaha-based Ameritrade Holding Corp. in one instance took more than an hour to execute a trade, costing an investor more than $26,000."Some of
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