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Non-Tech : Fight The Power! -Your Broker Just Screwed U - Now What?

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To: TFF who wrote (25)12/3/1998 7:41:00 PM
From: GREATMOOD   of 323
 
To: rag2rag (4 )
From: GREATMOOD Tuesday, Nov 10 1998 4:22PM ET
Reply # of 11

(Posted on the Discover/Lombard Brokerage board)

1) The past few days, I have waited up to 11 minutes for them to answer their live phone.

2) Their on-line software is clumsy to use, and sometimes doesn't update until the end of the day, so you can never know where you stand in real time.

3) Their telephone "touch tone" system used to be pretty good before they "fixed" it. Now they have a voice recognition system that doesn't always recognize my voice, does recognize background noises, gives me information I don't want, and lists stocks in my portfolio that I never even heard of.

4) The rank and file brokers, when you finally get through are very helpful and admit that they are having problems, but on 2 different occasions, the supervisor that was supposed to call me back within 45 minutes to discuss the problem, never called me back (I'm still waiting).

5) The Morgan Stanley name is on their letterhead, but I doubt that Morgan Stanley has a clue as to how bad Discover's service has become.

Discover, I hope you monitor this board so that as least you can become aware of how you are not giving your customers the level of service that they need.

GM
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