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Non-Tech : NDB is a bucket shop!!

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To: Frank Badini who wrote (7)8/15/1996 5:05:00 AM
From: Don Johnson   of 27
 
Reading over past posts I see that you transferred out of ndb to Brown. How did that go? How long were you unable to trade on your holdings at ndb? I can't afford to have my account held up any more than have them foul up my transactions. I would sell everything and write a check to another broker, but they turned down my application for checks due to a special rule applying to non-U.S. residents that they don't tell people about ahead of time. My account was active for weeks before they got around to telling me. Amazing.

They aren't answering my e-mails either, about 6 in the past week. In my case their mistakes are so easy to correct that I wonder what they are doing in there.

The real problem is non-regulation. It's like a city with no cops. Of course we'll get ripped off.
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