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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST
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To: Norrin Radd who wrote (1857)10/29/1997 2:02:00 PM
From: Norrin Radd  Read Replies (2) of 9582
 
Our webmistress should post this on the home page to help all of the thousands of customers of Waterhouse Securities and members of SI (she should ask Brad and Jeff about this one):

***Warning on Waterhouse Securities, Inc. accounts:

Yesterday (and in the last couple days?) the Waterhouse Securities computers generated falsely low closing price data on many stocks. This in turn caused the generation of many falsely high or entirely erroneous margin calls on people's accounts.

If you are getting margin calls or house calls on your accounts, you better look into this disgusting error on their part.

They have openly admitted the mistake and said they don't know what happened.
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