SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Michael who wrote (9992)10/20/1998 11:45:00 PM
From: Mama Bear  Read Replies (1) of 16892
 
Ohmygawd. The end of an era.

I do not know if you have any recourse. I know that a broker has a right to call in a short position. I know that most brokers will call you and give you notice. I do not know if there is an SEC regulation or Exchange rule that requires them to do so. I know that it is plainly bad business that they did not notify you.

I defunded my Datek account recently. I looked at the thread today because Datek had many problems today, and there were a lot of people who were unable to execute orders because of it. It looks like Datek has gone from being a good execution system to a terrible one. When you couple that with their notoriously lousy customer service, I am glad that I left.

Barb
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News