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Non-Tech : bad experience in Charles Schwab recently

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To: Father Terrence who wrote (101)10/24/1997 8:18:00 PM
From: Cisco  Read Replies (1) of 124
 
My comparsion was for 5,000 shares of a listed stock bought at a limit price of $2.00 per share. (I was assuming listed as being on the AMEX or NYSE.) By limit, I meant it wasn't a market order.

The $18.00 price is only on OTC stocks!

The $80.00 is correct according to The Discount Stock Broker Report which quotes $26 for the first 2,000 shares plus $0.018 for each additional share:

sonic.net

Regal web page says they charge $26.00 for upto 5,000 shares of listed stocks on a third market.

Regal web page says they charge $29.00 for upto 2,000 shares of listed stock on the AMEX and NYSE. They don't state on their web page how much more each additional share is. But at 2.5 times the $29.00 rate is over $80.00.!

regaldiscount.com

If you believe this in incorrect you should notify the editor of The Discount Broker Report and REGAL that their web pages are wrong!

Cisco
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