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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: wiz who wrote (80192)4/27/2000 10:13:00 AM
From: Don Lloyd  Read Replies (2) | Respond to of 132070
 
wiz -

[[...Some guy seems to be on to it today... it took three days...]]

Are you sure that you're not just seeing the three day settlement time for stock trades. I don't believe that it would be uncommon for you to sell a stock, have it removed immediately and not have the proceeds show up for three days. In the meantime, your account balance would appear to be low by the amount of the sale proceeds for the three days. This would be highly variable depending on the particular brokerage's computer system setup.

Regards, Don



To: wiz who wrote (80192)4/27/2000 11:00:00 AM
From: Knighty Tin  Respond to of 132070
 
Wiz, That's why we keep our brokerage statements handy. You don't have to worry about reporting the problem. The firm has auditors, who love to hear this sort of thing, and the SEC, who loves it even more. And the NYSE, but that is like hiring a weasel to guard the hen house. What you do have to worry about is not having the money available and earning for you during the period while they investigate. If you don't get satisfaction, I would get their annual report to find the name of their auditors and give them a ringy-dingy. And if that didn't get results, I would definitely go to the SEC.