Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Saturday, May 25, 2024 | Back issues
Courthouse News Service Courthouse News Service

Stock Program Blows Money, Class Claims

ORLANDO (CN) - A federal class action claims Dynetech deceived consumers by selling expensive "CommandTRADE" software as a "precision tool" to trade stocks automatically. "In fact, when used in automatic trading mode, CommandTRADE software makes trades outside the scope of the parameters set by the user of the program, causing significant and unexpected losses," the class claims.

"Defendants have profited enormously from their sales of CommandTRADE by charging thousands of dollars for a software program that does not function as represented," the complaint states.

Defendants include WizeTrade Group fka GolbalTec Solutions, a wholly owned subsidiary of Orlando-based Dynetech, and CommandTRADE, a subsidiary of GlobalTec.

Plaintiffs are represented by William Young Jr. with Colling Gilbert & Wright.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...