SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Brock International (NASDAQ: BROC, the forgotten stock)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: McNabb Brothers who wrote (659)9/26/1997 10:38:00 PM
From: Roger A. Babb   of 928
 
Hank, I made a mistake with Datek that I will not repeat! I instructed my bank to wire $300k to them on Wed. afternoon. Their bank (Chase) acknowledged that the money was deposited in Datek's account at 1pm on Thursday. I expected to be able to trade with the new money on Thursday. As of the end of the day Friday the money has still not been credited to my account. After being on hold for 30 minutes, Datek tells me that they now "freeze" incoming money for about 5 trading days, Maybe I can use the money by next Thursday. I demanded that my money be wired back. They said I could not ask for the money back until after it had been credited to my account and then that would also take about 5 trading days. In a nutshell they are scamming about a weeks interest off the money coming and going.

I guess that I have been spoiled by doing business with Farsight. I can wire money into or out of that account in 1 hour flat. My only reason for switching to Datek is to gain access to Island so as to get inside the MM spread as Vet has been doing.

If I sound a bit angry at Datek it is because I am.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext