Hello,

I dipped into the futures market recently and learned that it's not a beginner's game.....lost 40% of my account in less than a month.

I decided to cut my losses and cash out the rest of my account....now I'm getting the run around from the brokerage I was dealing with. Wire transfer got messed up, they were to overnight a cheque yet no tracking number was provided and the shipper has no record of something for me. Now, I keep getting, "Someone will call you back." Needless to say, there is no call.

What can I do? Is there somewhere to launch complaint/investigation? I am getting no where.

FH

Hi Thafaz,

Sorry to hear that on both fronts.

If you are in the United States and dealing with a US based futures broker then you can file a complaint with the NFA which is basically the regulatory body for the futures Industry:

National Futures Association | Dispute Resolution

Let me know how it works out or if you need anything else.

Best Regards,
Dave

Thank you David,

I have logged a complaint and will see how things work out....small price to pay for a big lesson learned!!!!

FH