{"id":7423,"date":"2018-12-06T12:38:17","date_gmt":"2018-12-06T17:38:17","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=7423"},"modified":"2018-12-06T12:40:10","modified_gmt":"2018-12-06T17:40:10","slug":"did-optionsellers-com-trade-your-ira-on-margin","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/did-optionsellers-com-trade-your-ira-on-margin\/","title":{"rendered":"Did OptionSellers.Com Trade your IRA on Margin"},"content":{"rendered":"

\"iStock-476534078-300x231\"OptionSellers.Com, operated by James Cordier and Michael Gross, promoted themselves as expert options traders able to manage money for retail investors promising they can produce consistent returns with limited risk.\u00a0 From offices in Tampa, Florida, Cordier and Gross touted their book \u201cThe Complete Guide to Options Selling\u201d claiming to know \u201chow selling options can lead to stellar returns in bull and bear markets.\u201d<\/p>\n

Now, OptionSellers.Com<\/a> website has gone dark, and INTL FCStone, the commodities firm which maintained the customer accounts and managed the risk for loans and margin, claims that many investors owes them millions of dollars.\u00a0 Investors are wondering how INTL FCStone and OptionSellers.Com lost all the money.<\/p>\n

While money was lost on naked options, investors allege that either OptionSellers.Com or INTL FCStone failed:<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

OptionSellers.Com, operated by James Cordier and Michael Gross, promoted themselves as expert options traders able to manage money for retail investors promising they can produce consistent returns with limited risk.\u00a0 From offices in Tampa, Florida, Cordier and Gross touted their book \u201cThe Complete Guide to Options Selling\u201d claiming to know \u201chow selling options can lead […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[589,600,590,613],"tags":[1334,1324,1335,1325],"class_list":["post-7423","post","type-post","status-publish","format-standard","hentry","category-churning-2","category-commodities","category-misrepresentation-and-omission-of-material-facts","category-nfa-arbitration","tag-intl-fcstone","tag-optionsellers-com","tag-scott-silver-intl-fcstone","tag-scott-silver-optionsellers-com"],"yoast_head":"\nDid OptionSellers.Com Trade your IRA on Margin — Securities Arbitration Lawyers Blog — December 6, 2018<\/title>\n<meta name=\"description\" content=\"OptionSellers.Com, operated by James Cordier and Michael Gross, promoted themselves as expert options traders able to manage money for retail investors — December 6, 2018\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/did-optionsellers-com-trade-your-ira-on-margin\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Did OptionSellers.Com Trade your IRA on Margin — Securities Arbitration Lawyers Blog — December 6, 2018\" \/>\n<meta name=\"twitter:description\" content=\"OptionSellers.Com, operated by James Cordier and Michael Gross, promoted themselves as expert options traders able to manage money for retail investors — December 6, 2018\" 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