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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: DiB who wrote (59467)	10/17/2003 5:41:39 PM
From: Sully-	Respond to of 65232

DiB, I've watched them do it first hand more than once. I had my own limit orders (both buys & sells) in a number of times & watched on streaming quotes, & two different real time quote systems where my brokerage was a market maker in the stock I was trading. I'd watch my limit order sat unfilled while they traded above/below my limit price. Sometimes tens of thousands of shares trades at prices above/below my limit price. I complained to them every time & all they did was make BS excuses & often tried to claim I was lying. They would refuse to give me a copy of the tape until I would let them know they were required to by law. Then they would claim the tape didn't support what I saw happen on their own streaming quote system & their own Level II, plus their own real time quote system. When I persisted, they would claim "fast market" (which was a bold faced lie). This BS continued to happen even after I threatened to go to the SEC with my complaints. It's about money. That's all one needs to know. And don't worry. The fines will be less than .001% of the profits they made cheating mom & pop. And no one will go to jail. OOF

To: DiB who wrote (59467)	10/19/2003 4:54:49 PM
From: Dealer	Read Replies (1) \| Respond to of 65232

Hi DiB! I missed your post somehow on Friday and just saw it. This is so bad. Through Brown & Co (aks; J P Morgan)they took me down on a buy one day .10 below the bid price. It took them almost 15 minutes to excute a market order one day. Took care of it after I complained. Did same thing the next day and would not do anything about it......NEXT day....changed brokers....They act like they think we are stupid and still in the dark ages. NOT! Haven't had much of a problem since. Thanks for posting. dealer