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

To: ChopChop99 who wrote (6224)	7/5/1999 10:55:00 PM
From: RoseCampion	Read Replies (1) \| Respond to of 16809

Chop - you are correct - "Active Trader" at Fidelity requires 36 trades, Gold Circle 72 trades - each in a one year period, each (here's the kicker) aggregated within a single account only. So if you have (as I do) an IRA, a normal brokerage account, and a UTMA account, they each have to meet the 36/72 trades in a twelve-month period and the 50k$ minimum before that account hits the higher status, and then (if I'm to believe what they told me), only that account is then eligible for IPOs. I have not yet made it to this exalted level, of course... On the bright side, their no-flipping policy is only 15 days, not 60 like at Wit, so if you're loaded enough to qualify you have quite a few more options of what to do with your shares. -Rose-