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Non-Tech : E*Trade (NYSE:ET)

ET 16.86

-0.4%

3:59 PM EST

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To: ISOMAN who wrote (12215)	3/3/2000 8:43:00 AM
From: BWAC	Read Replies (1) of 13953

Isoman, I don't believe that is necessarily true about the suitability rules in the US. It is in Canada and seems to be a big problem for TWE clients there. My orders go directly through and "normally" appear on the L2 screen within a few seconds. I know they appear as I generally only use limit orders so I do not fall prey to the whims of a market maker and his idea of market. Brown and Co. and DLJ are the fastest at getting the orders to market (within a mouse click). AMTD lags by about 5 seconds. However none has time in limbo sufficient to be manually reviewed for suitability. I am aware of the 'rules', but somehow the olb's seem to have been able to circumvent them. Possibly it is because they offer no advice, and only serve as a order entry point. It could also be in the account agreement legal wordings. Other than all that, maybe it is possible that I just filled out the 'speculation' checkbox on the account application suitability portion and that in itself makes anything suitable? Who knows for sure?

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