Ally Invest Securities: Difference between revisions
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Ally Invest provides services to customers who are natural persons or legal entities such as trusts. | Ally Invest provides services to customers who are natural persons or legal entities such as trusts. | ||
== | ==Incidents== | ||
This is a list of all consumer-protection incidents this company is involved in. Any incidents not mentioned here can be found in the [[:Category:{{FULLPAGENAME}}|{{PAGENAME}} category]]. | |||
===Forced arbitration=== | ===Forced arbitration=== | ||
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===Interest rates charged=== | ===Interest rates charged=== | ||
Ally Invest may be charging customers a higher rate of interest than the maximum allowed rate named in statutory laws in some jurisdictions in the United States. For example, the 2024 Maryland Code Commercial law sec. 12-102<ref>{{Cite web |date=2024 |title=General Legal Rate of Interest |url=https://law.justia.com/codes/maryland/commercial-law/title-12/subtitle-1/section-12-102/ |url-status=live |archive-url=https://archive.ph/SZNEj |archive-date=5 Jan 2026 |access-date=25 Nov 2025 |website=Justitia U.S. Law}}</ref> states a maximum rate of interest of 6 percent per annum, but Ally Invest does not specify that it does not allow its interest rates to go above 6% for customers residing in Maryland. It is worth noting, however, that other companies providing brokerage services publicly advertise similarly high (less favorable) interest rates to customers. As of 2025-01-19, the public-facing Ally Invest website cites a margin loan interest rate as of 2024-12-18 of between 7.50% and 12%.{{Citation needed|date=November 2025}} | Ally Invest may be charging customers a higher rate of interest than the maximum allowed rate named in statutory laws in some jurisdictions in the United States. For example, the 2024 Maryland Code Commercial law sec. 12-102<ref>{{Cite web |date=2024 |title=General Legal Rate of Interest |url=https://law.justia.com/codes/maryland/commercial-law/title-12/subtitle-1/section-12-102/ |url-status=live |archive-url=https://archive.ph/SZNEj |archive-date=5 Jan 2026 |access-date=25 Nov 2025 |website=Justitia U.S. Law}}</ref> states a maximum rate of interest of 6 percent per annum, but Ally Invest does not specify that it does not allow its interest rates to go above 6% for customers residing in Maryland. It is worth noting, however, that other companies providing brokerage services publicly advertise similarly high (less favorable) interest rates to customers. As of 2025-01-19, the public-facing Ally Invest website cites a margin loan interest rate as of 2024-12-18 of between 7.50% and 12%.{{Citation needed|date=November 2025}} | ||
==Products== | |||
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==See also== | |||
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==References== | ==References== | ||
{{ | {{reflist}} | ||
[[Category:{{PAGENAME}}]] | |||
[[Category:Forced arbitration]] | [[Category:Forced arbitration]] | ||
[[Category:Articles in need of citations]] | [[Category:Articles in need of citations]] | ||