Can We Sue Them?

Can We Sue Them? The Problem With Your Brokerage Account

● Thousands of profits evaporated just like that. Can we sue them?

● My order was filled, and everything was cool… but then PUFF! MY PROFITS ARE ALL GONE! SHAME ON YOU!

● I just sent an email to the central bank of Ireland telling them how p#$@ed I am. This is really amateurish.

This is just a sampling of complaints posted to the social media platform Reddit last week by traders angry at their brokerage firms.

When I tell you the story driving their anger, you won’t blame them for being furious. You’ll also find out how you can profit from the solution to their problems.

Here’s what happened…

Last week, we saw the biggest U.S. stock market rout since 2022… Japanese stocks saw their biggest crash since 1987... Bitcoin saw its worst performance since the FTX implosion in 2022. Even traditional safe-haven assets like gold were in the red.

The immediate cause behind the sell-off appeared to be the unwinding of the Japanese yen carry trade.

I won’t get into all the details about the “carry trade” here. But Daily editor Teeka Tiwari sent out an urgent video update to his readers explaining what happened on August 5.

If you’re a paid-up subscriber to Big T’s Inside Crypto, you can watch it right here. 

Long story short: The Volatility Index (VIX), the market’s so-called fear gauge, surged 180% overnight to 66 following the unwinding of the trade. (We consider anything above 20 to be volatile.)

It was the third-highest level in the history of the VIX – trailing only the increases during the COVID-19 crash in 2020 and the 2008 Financial Crisis.

In his video update, Teeka predicted the sell-off would likely be temporary and urged subscribers to view it as a buying opportunity. He also said buy the dip in his August 9 essay, “Why You Should be Buying Into This Sell-Off.” You can read it here.

Many wanted to. And for good reason. Just as Teeka predicted, the market is up 6% since the sell-off.

But if you wanted to buy Monday’s dip in a major brokerage account, odds are you couldn’t. That’s because many of the biggest brokerage platforms – including Vanguard, Fidelity, TD Ameritrade, E-Trade – went down for over an hour.

At its peak, Charles Schwab received nearly 15,000 outage reports from users. Fidelity and Vanguard received 3,800 and 2,900 outage reports, respectively.

By the time the brokerage firms were back online, the market had started to recover. And the chance to take advantage of the most dramatic one-day sell-off in years had passed.

That missed opportunity prompted thousands of angry traders to express their outrage on forums like Reddit. Many threatened lawsuits.

Can you blame them?

Here’s the thing about traditional online brokerages. They work 98% of the time… But during extreme market events, it’s not uncommon for them to shut down.

And when they shut down, they prevent investors and traders like you from taking advantage of fast-moving profit windows.

There’s a solution to this problem. And those who invest in the technology that provides this solution can position themselves for life-changing gains.

In Volatile Times, You Can’t Count on Your Exchange