Tuesday, October 6, 2020

Petition launched calling COL to be held liable for trade losses


A petition has been launched initiated by someone named Juan dela Cruz asking stock broker COL Financial Group be held accountable for money lost by its stock market clients for inaccessible website. 

The petition is launched in Change.org, where people can start campaigns to mobilize supporters and  drive solutions.



COL Financial Group earlier issued an apology for the system lag amid overwhelming volume of trades coming from the most active traded stocks of the day; DITO CME, NOW and ABS. COL clients were not able to buy and sell stocks due to system lag.

READ: COL Financial apologizes anew over system lag issue

COL said they had to do an emergency reset in their system due to some technical difficulties.

The petition can be viewed here.




Source: Peso Economics

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