securities sold

[timedwards]

i live in south carolina and recently moved securities in to my brokerage account by telephone to cover my margin account at a major brokerage. the rep. assured me i was covered and he even said i had borrowing equity. they recorded the conversation. today i received a letter saying they sold some of my stock at a loss to me to cover my margin. it seems the company did move it into my account but put it in a cash account not margin as i was told. what should I do to keep from having any losses from stock or tax?

 

[ALawyer]

If this has not been resolved, file an arbitrartion with the NASD.

 

[ALawyer]

If this has not been resolved to your satisfaction, and if they are responsible for the loss, file an arbitration request with the NASD.