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To: Gary M. Reed who wrote (48247)12/15/2000 2:32:06 PM
From: KeepItSimple  Respond to of 436258
 
>Amazing how the compliance guys always look the other way when the $$$
>is rolling in.

The compliance dept of Schwab is the sleaziest I have ever encountered. Those bastards tried to force me to close my gigantic put portfolio 1 week before the bottom fell out of the market in march. They threatened to cancel my "options trading authorization" due to my steep losses over the previous 12 months.. Their reasoning was "We don't want to see our customers lose money."

After I threatened to sue their asses into the ground if they closed a single position, they finally gave up.

Those options ended up making me BIG 7 figures. It doesnt take a rocket scientist to guess who's trading desk was on the other side of those trades, selling puts naked.