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Non-Tech : What do you do over a conflict of interest with broker

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To: Lawrence T. Bovat who wrote ()7/3/1998 11:09:00 PM
From: Rob  Read Replies (1) of 3
 
Lawrence,

If you told your broker you needed to get out regardless, the broker should have placed a market order not a limit order. That was not a wise decision on your brokers part and it hurt one of his clients...you. A broker cannot first consider his shares over the shares of his clients in any circumstances...this is illegal. All or nothing simply meant that he wanted you to sell all your shares at the limit of 9 5/8 or not sell any. Given this happened back in November I am not sure if you have any recourse. I would at least try. Be careful of this broker in the future he sounds inexperienced.

Rob Koenig
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