No. of Recommendations: 0
Last Friday I placed a limit order to buy FB.

After the market closed, I logged on and saw a notice saying my order had expired unexecuted.

Yesterday (Thursday) I got an email from Scottrade with the subject, "Trade Confirmations Available Online."

At first I thought it was a phishing attempt, since I hadn't placed any trades since last Friday, and that one expired without being executed.

I just got off the phone with Scottrade, and they're now claiming that they didn't receive confirmation of the trade (from Nasdaq) until Wednesday.

Do I have any legal recourse against Scottrade or Nasdaq?

I can't help but wonder what would have happened if I'd spent that cash on another stock, or withdrawn it from my account.
Print the post  


Scottrade's New Trading Platform
A message from Scottrade's Kevin Dodson about upcoming changes.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.