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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (44496)1/10/2004 8:34:51 PM
From: pezz  Read Replies (1) | Respond to of 74559
 
The clearing house is the one responsible for your stuff. Your broker can go under but if the clearing house remains sound ...No problem...Lotta these brokers are small potatoes but if they have ...say Bear Sterns behind them doin the clearing it don't matter...One of my brokers has their stock tradin on the bb's it's a penny stock but the clearing house is a large well respected firm. Having said that since I have every dime I got in the world in the markets spread out in three brokers just for safety I don't want'em all using the same house....parnoid? ...probably.

I would guess you confirmation slips would have somewhere on it who's clearing.If not their web site should tell you



To: maceng2 who wrote (44496)1/10/2004 9:19:57 PM
From: EL KABONG!!!  Respond to of 74559
 
Hi Pearly,

I may be wrong, but I think Ameritrade is self-clearing; that is to say that they have a division (or a separately owned corporation) that does the clearing for them. You might try Ameritrade Clearing Corp (or Company), something along those lines...

KJC


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