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Non-Tech : Waterhouse Securities
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To: T.R. who wrote (539)6/26/1998 11:07:00 AM
From: Bill Fischofer  Read Replies (2) of 2076
 
Whoever you spoke with misspoke

I've traded OTC:BB stocks through Waterhouse and they enjoy the same commission structure that other stocks get via webBroker.

Perhaps there was some confusion over the type of account. If you have a webBroker account you get the $12 flat fee as long as the majority of your trades are made via the net and you call a broker only when there is a problem (in which case they will still honor the $12 commission). A Waterhouse "traditional" account has much higher commissions across the board (why anyone would still maintain such an account is beyond me, but that's their business).

Note that Waterhouse is owned by Toronto Dominion bank and one of the side-benefits of this is that you can also open what they refer to as a "green line" account which allows you full access to the Canadian markets, including maintaining your balance in Canadian dollars. Not something I plan to do, but nice to know the option is available for those interested.
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