SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?


To: Crabbe who wrote (5502)10/21/1997 9:48:00 AM
From: Jack Zahran  Read Replies (1) | Respond to of 16892
 
Rodney, I just read my confirmations (not the monthly statement) and in the majority of trades Datek is indeed acting as the Principal. In fact the statements confirm that Datek is acting as the Principal without being an MM in that security. Which is the scenerio that my previous post illustrates. ( techstocks.com ) Notice the footnote from the confirmations: 3. we acted as principal, either buying from you or selling to you. We may have earned a profit on this transaction.

By the way Rodney, I was reading your post to another thread participant, and I need to remind you that this thread was initiated to determine if Datek was just another Internet Scam. It appears that Datek responds to complaints made here, why in the world would you want the complainers to go away! This thread is for them as well and those having problems will always get my close attention, so keep posting!

I've learned the hard way from my dealings with Datek not to ignore the complaints of fellow traders.