SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : CyBerCorp.com -- Ignore unavailable to you. Want to Upgrade?


To: westchester_snowboarder who wrote (95)1/21/2000 1:08:00 PM
From: Simon Thornington  Respond to of 1001
 
I'm not sure if my problem is related, but I'm also seeing inconsistencies between how I thought the trades settled each other (as reported in the application on the days of the trades) and how they are settled by Penson. I haven't had enough time to exhaustively research this yet, but something is leading to discrepancies in end of day cash position reporting between what Quicken believes (with the downloaded data) and what is reported on the Penson site as end of day cash. The discrepancies start (for me) on Dec. 2nd, I'll go see if that was when I started shorting things...

Good luck,

Simon.



To: westchester_snowboarder who wrote (95)1/25/2000 3:31:00 PM
From: westchester_snowboarder  Read Replies (1) | Respond to of 1001
 
followup: Note to Short Sellers at Cybercorp

Using the Penson web site, looking at the daily Equity
statement, I have found errors on 4 days in May, 3 days
in Aug., 5 days in Dec, and now 2 in Jan of 2000.

I have reported the other dates to Cybercorp, and have
recvd verbal word that I am due back funds for the original
problem from December.

While the problems appear to originate at Penson, we are
in fact clients of Cybercorp. As such, I now really have
to question all margin charges made in the past year. In
addition, this effects what is reported to the IRS. The
last thing I want to have to explain would be overstating
my margin costs - even if its an error by my broker.