• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

Large Brokerage firm was recording my call without telling me.

A

aic

Golden Member
It seem sthat this firm records everything. But when an employee called me to talk to me about an issue, he did not say anything about the call being recorded plus there was no beeping. About half way through I ask, "Is this call being recorded?" and he says yes. I said you have to tell me first before we discuss anything. He says nothing and just continues on.
 

Federal law allows recording of phone calls and other electronic communications with the consent of at least one party to the call. A majority of the states and territories have adopted wiretapping statutes based on the federal law, although most also have extended the law to cover in-person conversations. Thirty-eight states and the District of Columbia permit individuals to record conversations to which they are a party without informing the other parties that they are doing so. These laws are referred to as "one-party consent" statutes, and as long as you are a party to the conversation, it is legal for you to record it. (Nevada also has a one-party consent statute, but the state Supreme Court has interpreted it as an all-party rule.)
Click to expand...
http://www.rcfp.org/taping/

And one party (them) had consented. Without knowing where the firm was, it's hard to say what the state law would or would not allow...

 
Originally posted by: labgeek

Federal law allows recording of phone calls and other electronic communications with the consent of at least one party to the call. A majority of the states and territories have adopted wiretapping statutes based on the federal law, although most also have extended the law to cover in-person conversations. Thirty-eight states and the District of Columbia permit individuals to record conversations to which they are a party without informing the other parties that they are doing so. These laws are referred to as "one-party consent" statutes, and as long as you are a party to the conversation, it is legal for you to record it. (Nevada also has a one-party consent statute, but the state Supreme Court has interpreted it as an all-party rule.)
Click to expand...
http://www.rcfp.org/taping/

And one party (them) had consented. Without knowing where the firm was, it's hard to say what the state law would or would not allow...
Click to expand...

The area code was 916.

916 CA -8 NE California: Sacramento, Walnut Grove, Lincoln, Newcastle and El Dorado Hills

 
Cal. Penal Code §§ 631, 632: It is a crime in California to intercept or eavesdrop upon any confidential communication, including a telephone call or wire communication, without the consent of all parties.

Anyone injured by a violation of the wiretapping laws can recover civil damages of $5,000 or three times actual damages, whichever is greater. Cal. Penal Code § 637.2(a). A civil action for invasion of privacy also may be brought against the person who committed the violation. Cal. Penal Code § 637.2.
Click to expand...

So, you have to prove that you've suffered injury as a result of the recording.
 
http://www.sec.or.th/secen1/news/secnews/2003/3-2003.shtml

Securities company is required to tape record advice, buying and selling orders, and dialogue about investment giving to clients. The recording aims to prevent dispute on passing of buying and selling orders between client and securities company. Moreover, it is the examining mechanism of securities broker to ensure that marketing staff gives good advice to client. The requirement to tape record is announced in clause 13 of the Notification of the SEC No. KorThor. 42/2543 dated September 26, 2000 and has been made publicly known to all involved parities, namely securities company, marketing staff and client. As such, the tape recording is the routine operation, and this is the suggestion that the SEC always gives investors to pass buying and selling orders through the phone line with recording device for investors? own interest.
Click to expand...

it is probably disclosed in mice type when you opened your account. but you didn't read that, nobody reads ALL of the mice type
 
Originally posted by: aic
It seem sthat this firm records everything. But when an employee called me to talk to me about an issue, he did not say anything about the call being recorded plus there was no beeping. About half way through I ask, "Is this call being recorded?" and he says yes. I said you have to tell me first before we discuss anything. He says nothing and just continues on.
Click to expand...
Insider trading?

I don't usually start worrying about being taped in the middle of a call unless it's to my meth dealer.
 
Originally posted by: FoBoT
http://www.sec.or.th/secen1/news/secnews/2003/3-2003.shtml

Securities company is required to tape record advice, buying and selling orders, and dialogue about investment giving to clients. The recording aims to prevent dispute on passing of buying and selling orders between client and securities company. Moreover, it is the examining mechanism of securities broker to ensure that marketing staff gives good advice to client. The requirement to tape record is announced in clause 13 of the Notification of the SEC No. KorThor. 42/2543 dated September 26, 2000 and has been made publicly known to all involved parities, namely securities company, marketing staff and client. As such, the tape recording is the routine operation, and this is the suggestion that the SEC always gives investors to pass buying and selling orders through the phone line with recording device for investors? own interest.
Click to expand...

it is probably disclosed in mice type when you opened your account. but you didn't read that, nobody reads ALL of the mice type
Click to expand...

wow...op is getting owned!
 
Originally posted by: DaWhim
Originally posted by: FoBoT
http://www.sec.or.th/secen1/news/secnews/2003/3-2003.shtml

Securities company is required to tape record advice, buying and selling orders, and dialogue about investment giving to clients. The recording aims to prevent dispute on passing of buying and selling orders between client and securities company. Moreover, it is the examining mechanism of securities broker to ensure that marketing staff gives good advice to client. The requirement to tape record is announced in clause 13 of the Notification of the SEC No. KorThor. 42/2543 dated September 26, 2000 and has been made publicly known to all involved parities, namely securities company, marketing staff and client. As such, the tape recording is the routine operation, and this is the suggestion that the SEC always gives investors to pass buying and selling orders through the phone line with recording device for investors? own interest.
Click to expand...

it is probably disclosed in mice type when you opened your account. but you didn't read that, nobody reads ALL of the mice type
Click to expand...

wow...op is getting owned!
Click to expand...


Name: Joseph L
Country: Hong Kong
Metro: Hong Kong
Birthday: 3/24/1984
Gender: Male

Interests: Economics
Expertise: staying up
Occupation: Student

Sunday, August 07, 2005

finally, I got in contact with her. yay! thanks eddy, i appericate that.

she is a hk friend I didn't talk to for 4 years. gosh, how much I missed her? the way she talk? her voice? and lots more....those didn't change. it was just the same when I heard it again after 4 years. so much laguters.

I just miss the time when we always on the phone average 2 hours + daily for 1 or 2 years. there were times when she fell asleep when we were talking on the phone, then I could only hear her breathe. there is so much more memories. that's about her and me. some people may misunderstand. there is nothing going on between her and me. she is more my best friend ever.
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top