Datek Brokerage $9.95 a trade Message Board

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Non-Tech : Datek Brokerage $9.95 a trade

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To: Jack Zahran who wrote (6185)	12/5/1997 4:24:00 PM
From: Jon Tara	Read Replies (2) of 16892

Jon Normile, can you please respond to this? " If they however act as a Principal, they are buying the stock ahead of you and then selling it to you. In this scenerio they are allowed to make an additional profit." Does Datek do this? Can you make an affirmative statement that when Datek buys as a market participant (rather than through Island) that Datek is selling the stock to it's customer at exactly the same price that it paid in the market transaction? "Notice your Datek Confirmations, they clearly show that Datek can do this. You can, however write a request to Datek on all your Principal trades and have them disclose their markup or down on the transaction. " A while back, somebody here (maybe it was Jack) pressed this point with Datek, and reported that they were stonewalled, and never was provided with the disclosure. Does Datek provide this information when asked?

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