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Pastimes : ETRADE Sucks!
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To: taxman who wrote (558)10/23/1997 9:19:00 PM
From: Emec  Read Replies (1) of 3262
 
I do not believe that Schwab receives kickbacks. In fact, they badmouth the other firms that do. As a "regular" Schwab 500 customer, you are expected to do 4 trades per month but they are not strict. You may have some active months and some not so active months. Under my new negotiated commission, I am expected to do 10 trades per month. I have averaged about 30 per month since I started with Schwab so I am not concerned. Watch in a couple of months for Schwab's new lower rates.

Are you a TEI memeber by any chance? I chair the IRS Administrative Affairs Committee in the Detroit Chapter.
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