Tresury Bonds 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.

Strategies & Market Trends : Tresury Bonds

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Roman Trociuk who wrote ()	1/26/1998 12:19:00 PM
From: G. Rodman	Read Replies (2) of 38

Did I get a fair shake? I wonder if you could answer a question for me. I know nothing about bonds. A broker at Merrill put me in some bonds in a retirement program. I transferred the account to a discount broker and asked the broker to sell the bonds at market on 1/20/98. The price I got for the bonds was much less then the listed price in the paper. I sold three issues: Issue: Coupon Treas Receipt 2/15/7 Listed Price: 58.725 I received: 53.605 Issue Coupon Treas Receipt 11/15/8 Listed Price: 52.80 I received: 47.041 Issue: Treasury Investment Growth 8/15/9 Listed Price: 50.401 I received: 44.633 I called the broker who said that because my sales were not round lots, I got less than the listed price. When I asked him if the disparities could be as much as 10% as shown above, he would not comment. Do you think I was treated fairly? If not, what agency could I contact to seek recourse? zp

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next