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Strategies & Market Trends : Value Investing

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To: Brendan W who wrote (28959)11/13/2007 3:29:12 PM
From: Grommit  Read Replies (1) of 78752
 
scottrade: > Canadian orders cannot be placed online... Add in the Canadian floor brokerage fee if buying, or subtract if selling...

I also thought it prudent to move securities out of Etrade. I moved to Schwab. 50 free trades. That will give time for the dust to settle. After things become clear, I may move securities back for the cheaper trades.

I overnighted my application and transfer forms. They say there is no backlog and no delays on Etrade's end so far. It should take 5 days. +/-

with regard to this:
the 500 K SIPC protection is not for assets held at each brokerage firm, but for total assets held by one tax ID at all custodians.

It doesn't matter how many brokerage accounts I have, if only one firm has difficulties. I want < $500K in that one.
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