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Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?

To: mact who wrote (5212)6/20/1999 1:13:00 PM
From: ChopChop99  Read Replies (1) | Respond to of 16809
 
Maybe Wit interprets the law as requiring a confirmation process after the issue prices. I got my CAIS (whoopee) through FBR, and they required verbal confirmation by telephone after the issue priced. In fact, I'm pretty sure they stated in their paperwork that they were required by law to confirm with me after pricing.

If this is the law, I have no idea how E*Trade gets by with their method. I like theirs better, but they need to add a way to cancel an IOI online.



To: mact who wrote (5212)6/20/1999 11:41:00 PM
From: KRosenfeld  Read Replies (1) | Respond to of 16809
 
Mact,

I don't know if this is true but

I believe on this thread someone stated that WIT is an investment bank and not really a brokerage house. For this reason they must reconfirm after pricing unlike an E Trade. I know it is a hassle. Last Thursday I had a business function and missed out on Viant because I had to leave before the confirmation request had arrived. Oh well!!!


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