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GET YOUR MONEY OUT OF AMP Global Clearing ASAP !!!!
this is no joke and nor am i trying to start rumors, My name is Saleem Ali a active duty services member, As of 3 days ago i sent a request to AMP to close my trading account before my next deployment . the request was confirmed and i was charged for the wire . and still as of today , 3 days later i have not received my money ($8000 ) i tried to get hold of the manager but i keep getting put on hold and hung-up on . then as of a few hours ago i did speak with someone . they said that my money is being held a JPM ? and they have no clue as to when i will get it . this is starting to smell like MF global . i spoke with my commanding officer and he said to get in contact with the IG and or to to file complaint to the better business bureau. well not sure what else i can do , will be deploying in a few days
Can you help answer these questions from other members on NexusFi?
While anything can of course happen, your post is quite alarmist, and things 'sounding' like MFG is at this point an unsubstantiated stretch IMO. Not sure if you have received wires from them, but mine usually arrive within 3-4 days. I presume you've checked the customer portal to see it's on it's way. JPM BTW is their bank where the segregated money is always 'held'; from what I know, JPM holds the funds for a large amount of futures brokerages. Do keep us updated on hopefully a good conclusion. While they can sometimes be spotty in response, they do have 30+ folks on staff. If you have a serious concern, you should be able to get to the president Dan Culp and find out what's up, but I'd hope and expect that within the next day or two all is well for you.
Wire transfers overseas (as it sounds like) are always difficult.
masaleem1
hoodriver
Posts: 4 since Dec 2010
Thanks Given: 1
Thanks Received: 1
well i hope it is just a small hold up , but AMP is tell me they have no idea on when i will get my money , this too me is the
issue , someone should know something and simply press the button and send me my money , this is a simple domestic wire and should only 24 hour not 3 day ?
Check with an officer at your bank. They can track the wire for you.
I have wired more than $10,000 thru JPM. Normally as long as I get it in before the cutoff time the receiving bank can "see" the money the next business day. When they actually credit to the account will vary by bank.
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"
I was thinking of opening an account with them shortly. I will be watching this thread with great interest. Suffice to say the guys I send to "collect" my money? it will hurt..
