{"id":214,"date":"2007-08-05T08:30:17","date_gmt":"2007-08-05T08:30:17","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/08\/new_york_court_sides_with_amer_1"},"modified":"2021-09-20T15:41:19","modified_gmt":"2021-09-20T20:41:19","slug":"new-york-court-sides-with-amer-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/new-york-court-sides-with-amer-1\/","title":{"rendered":"New York Court Sides with Ameritrade – Redefines “Best Execution”"},"content":{"rendered":"

\t\t\t\tJustice for investors is simply denied in New York courts and a trend of no justice for investors threatens to spread nationwide as more and more “activist” business-friendly judges are appointed to the federal bench. <\/p>\n

The U.S. District Court for the Southern District of New York, known to be friendly to Wall Street, has struck again, this time ruling Ameritrade was not required to route orders to multiple markets to fulfill its duty of “best execution” of trades. This is one of many case filed by investors which was dismissed, with prejudice, in a decision which could affect investors nationwide. (Gurfein v. Ameritrade Inc., S.D.N.Y., No. 04 Civ. 9526 (LLS), 7\/17\/07 <\/p>\n

Although language on Ameritrade, Inc.’s Website advertised that it had the capability of distributing customer orders to multiple markets and could thereby seek best execution, the judge decided this did not oblige Ameritrade to route orders to different markets for execution. The judge also found Ameritrade had no duty to the plaintiff to execute the limit order at the “best price” or fulfill the “best execution” regulatory requirement. <\/p>\n

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

Justice for investors is simply denied in New York courts and a trend of no justice for investors threatens to spread nationwide as more and more “activist” business-friendly judges are appointed to the federal bench. The U.S. District Court for the Southern District of New York, known to be friendly to Wall Street, has struck […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3774,3789],"tags":[],"class_list":["post-214","post","type-post","status-publish","format-standard","hentry","category-broker-dealers","category-stockbroker-regulation"],"yoast_head":"\nNew York Court Sides with Ameritrade - Redefines "Best Execution" — Investor Lawyers Blog — August 5, 2007<\/title>\n<meta name=\"description\" content=\"Justice for investors is simply denied in New York courts and a trend of no justice for investors threatens to spread nationwide as more and more — August 5, 2007\" \/>\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.investorlawyers.com\/blog\/new-york-court-sides-with-amer-1\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"New York Court Sides with Ameritrade - 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