Daytrading and Stock Trading Addiction Message Board

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Pastimes : Daytrading and Stock Trading Addiction

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To: marie fouchia who wrote (322)	6/3/1999 9:31:00 PM
From: Sword	of 330

Marie: Brokerages are obligated to ask the customer what type of risk exposure they are planning to pursue. The choices at my latest broker were low, moderate, speculation, or high risk. (I indicated "speculation.") Depending on the interpretation of this information one may conclude that the brokerage is going to evaluate my trading to insure that it meets with my objectives for the account. If your trading was non-soliticed by a broker (quite likely) this argument may not fly. Certainly if you indicated "speculation" you've admitted to accepting the risk associated with day trading. Nevertheless, you and many others may be able to make reference to this information, asked for by the brokerage, in determining if there is legal grounds for a suit. What category did you choose when you opened your account? -Sword

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