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To: Robert Douglas who wrote (86407)7/30/1999 1:50:00 PM
From: GVTucker  Respond to of 186894
 
OTOT, Robert, RE: What makes some of these firms think that they deserve all that interest?

Because they can. And when investors like our friend Mr. Engle are not properly educated as to their rights, they will continue to do so. It's the same reason why commissions to institutions dropped immediately after regulation of commission rates ended, but it took competitors like Schwab and Quick & Reilly to cut rates for retail customers.