bad experience in Charles Schwab recently Message Board

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Non-Tech : bad experience in Charles Schwab recently

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To: Jim Berg who wrote (41)	8/2/1997 2:51:00 AM
From: Rick Ryan	of 124

Jim, This makes no sense whatsoever. It sounds like you're saying you placed and order to buy and Schwab bought twice as many shares as you stated on the phone to the broker. You didn't have the dough to cover so they sold you out to cover the Fed Call (which is any firms' right to do per the margin acct agreement). They record all their phone calls! There is no way that would fly. Your other statements sound fishy too. Schwab owned 20% of CYLK stock before the IPO? That is unlikely at best and really wouldn't make any difference anyway. Schwab doesn't carry an inventory of stock like Merrill Lynch would. Comparator deal? That sounds like a bigger stretch. You apparently have some ax to grind because you lost 12K due to a bad investment pick and want to pawn the blame off on Schwab. EVERY complaint on this thread has happened to you? C'mon, let's get real here! RR

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