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Non-Tech : Waterhouse Securities
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To: MRE who wrote ()10/16/1997 3:32:00 PM
From: Lurker   of 2076
 
Warning:

They advertise $12. for up to 5000 shares and $.01 per share if your order is over 5000 shares. This ends up being:

1-4999 shares $12.
5000 shares $45
5000+ shares $.01 per share
5001 shares = $50.01
10000 shares = $100.
etc.

Watch out for that 5000 share buy. If you want the $12 rate, buy 4900 shares. They don't tell you that 5000 shares cost $45. The implication is that 5000 costs $12.

I placed 3 orders to buy 5000 shares. Instead of paying 3 x $12., I payed 3 x $45.

Buyer beware!

Mike
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