Datek Brokerage $9.95 a trade Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Datek Brokerage $9.95 a trade

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pae who wrote (6326)	12/30/1997 11:41:00 PM
From: Brian Y.	Read Replies (2) of 16892

Can anyone explain this situation to me? On 12/3/97 I sold my only position converting only to cash. On 12/10/97 I requested a wire from Datek for the balance of my account. I did this through account options and my account was debited to zero. I then received an email from Jon Normile notifying me that my account was closed then a second email from him stating that I had to wait the required three days then another ten days for the check to clear before I would receive my wire. This did not make sense to me as I had sold on the 3rd and requested the wire on the 10th, giving 5 business days in which the SEC three day wait would have expired. Plus what the heck is up with the 10 day wait for the check to clear. I did not quibble however. I simply waited for my funds. Today, 12/30/97, I still had not received my funds so I accessed my Datek account and pulled up the account history. There I see the fund request on the 10th but then a credit of "cash" for the same balance as the fund request on 12/12/97. I had previously sent wiring instructions to Datek and have in fact received a wire from them in the past. Anyone have a valid reason for this? Thanks for your input. Brian

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next