Webstreet Online Broker (www.webstreet.com) Message Board

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Non-Tech : Webstreet Online Broker (www.webstreet.com)

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To: Carl van Rooyen who wrote (59)	4/27/1999 1:37:00 PM
From: D PARKER	Read Replies (2) of 114

Webstreet's attitude about screwing it's customers has not changed. They are still holding orders until it profits them. From their web page: **************************************** HOW QUICK CAN I EXECUTE A MARKET ORDER WITH WEB STREET SECURITIES? Nearly all Market Orders are executed in 6-10 seconds. ***************************************** Here is an example of a recent order with them: 4/16 10:06 placed market order to sell 5,000 shares (bid at 6.28125) 10:08 filled 1,000 at 6.21875 10:09 filled 1,000 at 6.1875 10:17 filled 1,000 at 5.9375 10:17 filled 2,000 at 5.90625 Notice that it took 11 minutes to fill the market order and if you do the math, I am short about $1200. This is not the only time they have done this to me. I have been in contact with them about the trading practices they do and I have been told that is perfectly legal and there is nothing they will do to correct the above trade. Is there some law for false advertising and fraud that keeps brokerages from stealing their customers money????? You be the judge about who makes money on YOUR trades. If you want to help pay for your brokers new car or house, it will happen quicker here. Dave

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