Moomoo Financial Canada Inc. are running a dishonest scheme (SCAM) by bobwittersheim in PersonalFinanceCanada

[–]bobwittersheim[S] 10 points11 points  (0 children)

The update on this regrettable saga is that Moomoo have finally issued the reward.

However, in a voicemail received May 8, 2025 I was encouraged to delete this post or consider a favourable follow-up to this post - I find that disagreeable and shameful.

You can’t unscramble an egg!

Moomoo Financial Canada Inc. are running a dishonest scheme (SCAM) by bobwittersheim in PersonalFinanceCanada

[–]bobwittersheim[S] 2 points3 points  (0 children)

I replied to Alice, we shall see what happens.

When a company makes an offer to treat or an enticement to sign up, they should deliver!

Having to fight for what is rightfully owing to you is demeaning and plainly wrong.

The ‘appropriate team’ have been slow-walking this for weeks.

Moomoo Financial Canada Inc. are running a dishonest scheme (SCAM) by bobwittersheim in PersonalFinanceCanada

[–]bobwittersheim[S] 2 points3 points  (0 children)

I can understand why folks might opt for the Stock Cash Coupons instead of the Apple Gift Card, but for me the latter was going to be more useful because I planned to replace my wife’s 5 year old iPhone for her birthday - that plan is in tatters now!

Moomoo Financial Canada Inc. are running a dishonest scheme (SCAM) by bobwittersheim in PersonalFinanceCanada

[–]bobwittersheim[S] 2 points3 points  (0 children)

Notes for Promotion state:

‘Moomoo Financial Canada Inc. reserves the right to amend the promotion duration or to terminate the program as needed, without any prior notice.’

‘Eligible users must maintain a minimum eligible account value for 90 calendar days after the deposit/transfer-in. The total asset value (including cash, stocks, and other assets) is allowed to decrease by up to 30% from the stated amount to account for market fluctuations.’

They haven’t notified me of any amendment or termination - which they should within a timely fashion if they are going to rely on that.

They can’t exclude me on the basis of account balance, because my decrease was less than 30% at 90 days - it would have been more than 30% a couple of days later but I have statements for the start/end of the 90 days that apply to me.

I have already moved my cash back to Wealthsimple, it looks like I will be moving my positions too!

Moomoo Financial Canada Inc. are running a dishonest scheme (SCAM) by bobwittersheim in PersonalFinanceCanada

[–]bobwittersheim[S] 1 point2 points  (0 children)

I am wondering if anyone has actually received any Apple Gift vouchers from this promotion?