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Non-Tech : Web Street Securities (WEBS) -- Ignore unavailable to you. Want to Upgrade?

To: Zeddie88 who wrote (1071)	9/12/1999 1:12:00 PM
From: wlcnyc	Read Replies (1) \| Respond to of 1339

I also have only a CASH account with Web St and the funds from a sale were always immediately available to me. As I posted earlier, I have not used them for several weeks now so I have no way of knowing about these new "rules." Again, I say thanks for the warning! BTW, Tarzan, Web St already offers free real time quotes. Bill

To: Zeddie88 who wrote (1071)	9/12/1999 6:42:00 PM
From: Tarzan	Read Replies (1) \| Respond to of 1339

I understand the policy to be that you have a finite amount of dollars to trade with each day and thats it. If you trade to that particular amount, you are done for the day. If you need more trading room, put more cash in your account. I do agree that traders should be able to turn their account as many times a day as they wish as long as they have enough cash or margin to cover their trades. My guess is that this is a U.S. Clearing policy and not a Web Street policy. With the recent regulatory focus on daytrading, U.S. Clearing may be getting cold feet and altered their policies on daytrading. Speculation on my part, but April can't get here soon enough.