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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: John Koligman who wrote (7489)	3/17/2000 7:21:00 PM
From: Eric P	Read Replies (1) \| Respond to of 18137

SEC Reviews Brokers' Failure To Disclose Stock 'Limit Orders' I'm not sure why it would take the SEC this long to realize there was a problem. I had a brief encounter with a discount (non-direct access) broker last summer and found that more than one in six orders were handled improperly. See my posts from last August at #reply-10841636, #reply-10841898. In fact, in my second post, I was hoping perhaps some regulator would come across this thread and I could help them investigate this problem ("P.S. Any SEC folks out there wanting to use me to help them get to the bottom of this, please PM me. I would love to help. It's getting old being screwed by the market makers, both legally and illegally.") => But no dice. Discount brokers and direct access brokers both have some advantages and disadvantages. The key is to understand what they are and ensure that these problems do not overly affect your style of trading. For me, I find that only direct access firms can meet my needs. Good luck, -Eric