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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (302810)	3/5/2005 9:32:49 AM
From: redfish	Read Replies (1) \| Respond to of 436258

Regarding dispersal, I found this on the NASD site: "While brokerage firms are required to send funds or certificates "promptly" to customers following the settlement of a trade, there are no deadlines imposed by federal law or regulations. Brokerage firms generally credit your account with sale proceeds as soon as your trade settles. Some brokerage firms may immediately "sweep" your money into an account that earns interest. You should ask your broker about how you can assure that all funds and securities are delivered to you promptly." In my case the broker received a letter of instructions on February 8, the relevant trades settled on February 14, and I verbally confirmed the letter of instructions on February 28. It looks like the broker is flat out refusing to give me my money and I'll have to file a complaint.