Earl,
Not, it is not a " favor". The MM should not " show" your order if you ask him not to. Sometimes, they will, though. A hundred share order won't matter, but 1,000 or more might.
2. They cannot charge you multiple commissions for your order. They should aggregate them. If they do charge you, get another broker immediately! And call the NASD. What I have seen a lot of though, is charging you " fees" ostensiblely something called the SEC or NASD fee. It does not go them. It is " allowed" by them. It used to be about .50 cents to $1.50. Now I see it as high as $16!!! Kinda like banks these days. Volume, unless it is very unusual,should not affect a 1,000 share order. They should do it in one day.
3. As for contacting dealer's PR departments. Most don't have them. They are mean, lean selling machines without a lot of customer service. The service is left to the broker and his sales assistant and that means it can be very good to hopeless. As a general rule, however. the larger the Wall Street firm, the poorer the service. Back office is a not a profit center. The SEC is constantly demanding better CR. The firms are constantly saying it will get better. Nothing changes.
One last comment,on a personal note. If I want to own a NASDQ stock(God help me!), I scale in to it over time. Example, I like VIAS. So, I want to buy, say, 1000 shares. I buy 300 today at whatever price;300 in a week or two if it is up or down; and, finally, 400 in about a month or so. This helps mitigate the funny business with NASDAQ stocks, but does not eliminate it.
Hope this helps.
Bob |
