JB Oxford, Lombard, Etrade Message Board

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Non-Tech : JB Oxford, Lombard, Etrade

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To: Martin Wormser who wrote (212)	1/25/1997 5:59:00 PM
From: Bill Lotozo	of 396

I'm tying to decide on whether to use Datek or Lombard for on-line trading. Execution speed is not that important to me if it is under a couple of minutes. (I'm using using a full service broker.) The thing that worries me about Datek is the safety of my money. Their owners were just fined so is my money safe? Even if it is insured, I wouldn't want it tied up if the company had financial troubles. Lombard was just purchased by Dean Witter, so my assumption is they are a safe place to put my money (but trades are $15 a pop or $20 for open orders). Also, who would be better during a market meltdown? Any coments?

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