A Reform Proposal for broker access Message Board

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Non-Tech : A Reform Proposal for broker access

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To: capitalistbeatnik who wrote (16)	10/30/1997 12:28:00 PM
From: Michael M	of 18

Problems were not limited to deep discounters. While you may have been able to access a "real" broker on the phone at the bigger houses, market order execution was a joke. No problem putting the order in but it went into a black hole for a few hours...no idea if you actually bought or sold or at what price...talk about flying blind! Simply being able to get your order into the system is a start but it's a long way from a solution. As for government involvement, there must be standards of access and execution that companies must meet in order to do business. I recommend a blizzard of mail (e-or otherwise) to SEC. I also recommend a blizzard of mail to all legislators sitting on appropriate committees calling for hearings in the Congress. Wouldn't all of you like to see the Boss at E-Trade (and all his peers) under the bright lights answering your questions? Why not make this a call to action on whatever other threads you normally follow... By the way, I agree with whoever said market curbs are a different issue...perhaps a good issue, but a different issue...best to all, Mike

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