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: Paul Shread who wrote (9936)	10/9/1998 12:18:00 PM
From: Mama Bear	Read Replies (1) of 16892

Paul, perhaps you are correct. My point is that Datek is not (to my knowledge) with the derivitives and hedge funds debacle. I have no idea how Datek's financial health is doing. I suppose with Merril the old chestnut of "Can't pay your $50000 mortgage off? You have a problem" versus "Can't pay your $50 million loan off? The bank has a problem". On the other hand, if you are within the limits of SIPC insurance your risk is the time value of the money while waiting for them to pay you back. Block Trading also went belly up a couple of weeks ago. Perhaps sticking with a publicly traded company is a better idea. At least you can look at the SEC filings and get an idea of the company's financial health. Barb

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