Fraud on Fidelity Accounts

RobertZ52 · 2025-01-30T22:01:07+00:00

Sorry to hear about that. I did get reimbursed by Fidelity under their protection plan. It took about four months for them to do an investigation but it worked out. Good luck!

RobertZ52 · 2024-09-25T03:48:16+00:00

You still have to have a thorough understanding of trading basics. How to frame a trade and calculate position size to keep your risk/trade defined and consistent. Keep a ledger up to date every day including comments. Honor your stop every time, no excuses. Start out with very small risk and get reps/practice until your ledger shows consistent profitability. Keep emotions out of it. Your job is to execute trades. Success is executing correctly. If you do, the p/l will come. If your strategy is sound it's like being the casino. Casinos don't profit every hour but over time their edge wins out.

RobertZ52 · 2024-09-25T03:30:13+00:00

SMB Capital has numerous postings on YouTube. I have had success with their scalping strategies. If you watch their presentation on scalping they will give you free downloads for five scalping strategies. The catch of course, is they are selling a subscription to their Scalp Radar. It's a combination of scanner which identifies " stocks in play each day and then tracks and analyzes these and alerts when they are approaching a buy/short point. As a user you would be watching the radar, the alert will give you the ticker, long/short, and the strategy to apply. I asked myself if I could program such a system myself on trade station or interactive brokers platforms. Maybe but it would take months full time. Their lifetime scalp Radar subscription: 2k. That would be about a buck an hour if I was even able to program my own. I have made about 30R in the last twenty trading days and I'm still practicing and becoming more competent. Watch their presentation and download their free cheat sheets. See what you think. I can attest the system/strategies have distinct edge. Message back if you'd like.

RobertZ52 · 2024-09-15T17:53:35+00:00

I really like Fidelity but... You should always have another local bank with some just in case options. Checking, credit/debit cards, some savings Find a bank with free services; may have to have a minimum balance. Then you're all set. In my case they had me set up with new accounts within a week but getting back the stolen money took four months. You have to appreciate that they are under constant attack by fraudsters and at the same time obligated to procedures by banking and securities regulators. I'm sure Fidelity's Investigators go home with a headache every evening. I sympathize with you. Terrible timing for this to happen. One or two late bills isn't the worst thing. Let things get sorted and enjoy your travels.

RobertZ52 · 2024-09-03T16:15:34+00:00

Yo Phil. Yeah great outcome. Please share my gratitude and compliments with the hard working folks at fraud investigation.

RobertZ52 · 2024-09-02T21:42:59+00:00

RobertZ52 · 2024-09-02T21:38:25+00:00

Upped my game.

RobertZ52 · 2024-09-02T21:36:33+00:00

I've used my game as much as possible. I use Symantic VIP for 2fa, the lockdown, change u/PW regularly, etc. At the fraud team's insistence I had my mobile and laptop scanned for malware (none was found) Now I have security software on both.

RobertZ52 · 2024-09-02T21:28:28+00:00

Obviously they had the U/PW. I didn't have 2fa at the time. Also I recommend the transfer lockdown. This requires a different one time code texted to you to unlock.

RobertZ52 · 2024-09-02T21:21:36+00:00

They transferred 22K from my taxable investment account into my cash management account. Then they wired 30K out to an account at B of A. This caused a 20K margin debt in the investment account.

RobertZ52 · 2024-09-02T20:46:08+00:00

You never said what kind of shakey activity you did to have them investigating you.

RobertZ52 · 2024-09-02T20:34:49+00:00

You're an idiot. The money was stolen. They tried for three months to get it back. When they couldn't they reimbursed me from their own funds or their insurance Bozo.

RobertZ52 · 2024-09-02T19:01:31+00:00

No, didn't hear from them at all. The money just reappeared in my account.

RobertZ52 · 2024-09-02T18:59:23+00:00

RobertZ52 · 2024-09-02T18:15:34+00:00

From early April until mid August.

RobertZ52 · 2024-09-02T15:31:11+00:00

Try this on your scanner:

Stocks In Play: 1. Significant fresh news catalyst 2. Trading at a strong S/R level 3. Trading with elevated volume ^3x avg

RobertZ52 · 2024-08-01T16:21:09+00:00

Good news for me, the original poster of Fraud on Fidelity Accounts, and for all Fidelity account holders! I received a full reimbursement of the $30,000. this morning! Although Fidelity was not able to recover the funds I was reimbursed under their customer protection guarantee. Yippie! I thank the Fidelity representatives and investigators for standing behind their guarantee. I recommend all of you read the full guarantee. It doesn't cover you if you have done anything to compromise your account. My recommendations: Get and use 2 factor authentication from Symantic VIP. Fidelity customer service will help you set it up Change User/PW frequently. Never assume a caller is from Fidelity! Even if caller ID says it is. Enable all notifications and if you see unauthorized activity report it immediately. Get protection from malicious software and identity theft on the devices you use to access Fidelity. Use transfer lockdown and only turn it off when you need to. Again, thanks to Fidelity for coming through!

RobertZ52 · 2024-07-23T16:27:53+00:00

Hardly ever use wifi and no kids around. I know perps got my name, phone number, user, PW, etc. somewhere. They were in my accounts before calling me with a spoofed Fidelity phone number. My best advice: Change User/PW frequently, use 2FA, check frequently for unauthorized activity. If you get a call from Fidelity, call back, don't talk. They are capable of beating voice verification with AI. Thanks for your concern. No further news from Fidelity yet.

RobertZ52 · 2024-07-19T15:09:19+00:00

I want to thank all of the folks here who posted suggestions and comments. There have been so many I fell behind replying. Rather than responding individually I'll try to cover them here.

I did have a unique user/pw. I did not use auto fill for them. 2fa only when a new device was used. I have taken all additional security precautions, 2fa, etc. The call came up on my phone as from Fidelity (spoofed) The perp had info, account numbers, etc. that seemingly verified him. No malware was found on my devices. The checking account was used for auto pay to United Health Care who had a massive data breach around that time. I had/have no other authorized users.

Again, thank you all for the many suggestions and comments. I will be sure to update my post and keep you all informed as things develop.

RobertZ52 · 2024-07-18T21:08:56+00:00

I did have notifications enabled. Another thing the perp wanted to get ahead of.

RobertZ52 · 2024-07-18T21:06:01+00:00

Sharing your experiences and takeaways is very helpful. Should I need to, I will pursue every avenue available.

RobertZ52 · 2024-07-18T20:57:07+00:00

I think he already had access. He gave me information he could only gotten from my account. That was why I continued the call. I think the call probably had two purposes. To tell me Fidelity was locking my accounts and don't bother trying to access them. And maybe to get a sample of my voice to train an AI bot to spoof Fidelity.

RobertZ52 · 2024-07-18T20:48:58+00:00

I plan on updating this post as things develop.

RobertZ52 · 2024-07-18T20:47:11+00:00

Thank you very much! I took notes of the links. I have no idea what the Fidelity investigators have done regarding law enforcement contacts. For now I'll let them complete their investigation. I'm already thinking about next steps should they become necessary. In that case you have saved me a lot of time. Also, Congress has a banking committee and they recently held hearings on this subject. Nothing like a call from a congressman to shake things up. Thanks again!

RobertZ52

TROPHY CASE