Web Street Securities (WEBS) Message Board

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Non-Tech : Web Street Securities (WEBS)

WEBS 18.85

+0.5%

Nov 5 4:00 PM EST

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To: Walter N. Schreiner who wrote ()	1/3/2000 10:55:00 AM
From: B.D.Bauden	Read Replies (2) of 1339

WARNING to potential Web Street Customers. This has got to be one of the worst brokers out there. I transferred my trading account to another broker last year, but was foolish enough to keep my IRA with Web Street. I don't use my IRA very often, but when I do there is always a problem. This morning I tried to buy 1000 shares of GWRX at a limit of 18. That was 45 minutes ago. Still no confirmation even though the ask price has dipped as low as 17 7/8 several times. I tried calling, but was left on hold for over a half hour before I gave up. I don't know whether I own this stock or not. Trying to cancel the order is pointless. I know from past experience that cancellations are pretty much ignored. This is not an isolated incident. The incompetence of these people borders on being criminal. I'm applying for a new broker today, something I should have done months ago. Don't let the promise of "free trades" fool you. Those free trades have cost me thousands of dollars.

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