Ethically Speaking - November 2008

Tradeloop issued one Fast Track Fraud Alert, and the Ethics Committee closed four cases during the past month.

In Case #4988, non-Tradeloop member, MFC Surplus Management, was banned from the community for failing to respond to an Ethics Complaint. The Committee didn't consider the specifics of the complaint; the decision to ban was based on the company's non-response to the complaint.

The Ethics Committee voted to ban non-Tradeloop member, Asset Disposition Group, after reviewing two Ethics complaints filed against the company. In both cases, the defendant did respond to the complaints. Members can review the details and discussion between the parties involved at the Ethics blog: Case #4677 and Case #4983.

In the fourth case, the Ethics Committee voted to send a private, written warning to the defendant in a dispute where the complainant alleged that the defendant refused to honor a purchase order.

On October 16, Tradeloop issued a Fast Track Fraud Alert regarding a non-Tradeloop member. The complainant alleged that the company agreed to ship product, accepted a wire transfer in payment, but never shipped the product and supplied a bogus Federal Express tracking number.
Finally, we're pleased to report the successful resolution of an Ethics complaint filed by one Tradeloop member against a non-member. Using the Ethics blog as a discussion forum, the parties involved were able to arrive at an amicable agreement without Ethics Committee involvement. Review the details and productive discussions about Case #4996 in the "No Action Taken" section of the blog.

One new complaint was filed that involves a dispute about the non-shipment of prepaid goods. This case is currently in the information-gathering stage.

For more information about Ethics complaints and cases, visit the Tradeloop Ethics Blog. Remember that the blog format gives members an opportunity to review and even comment on posted cases.