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Politics : Ask Michael Burke

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To: Mohammed U. Karkanawi who wrote (60935)5/28/1999 3:40:00 AM
From: Merritt  Read Replies (1) of 132070
 
Mohammed:

You'd need a print out of all the trades that occurred, and where they occurred. It's possible that the low trade(s) took place on the Mid-America network, or some such other. Just because a stock is NYSE listed, doesn't mean that's the only place it trades. Sometimes, a broker will leave a low-ball bid on an off-floor exchange, and if you don't have a broker that's looking out for you <ggggg>, and place a market order, they just go with what's easiest (or perhaps who they have a reciprocal trade agreement with <ng>). If you (strongly) request it, your broker will provide you with such a printout. If they refuse, the SEC will see to it that they do...or at least that's what I found to be the case when I had such a question. Maybe not this time, but in the long run, I think you're better off with a broker that only trades from the NYSE floor...there's less chance for abuse. That is if there really is such an animal...personally, I think that statement of Accutrade's only applies to their retail customers.
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