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Non-Tech : E.Schwab problems -- Ignore unavailable to you. Want to Upgrade?

To: avenger who wrote (125)	4/13/1998 4:36:00 AM
From: Sung Q. Kim	Respond to of 1401

I would like to share my experience with Schwab. Last Thursday, I got a call from Schwab regarding Fed call. According to the person, I had to cover around $11,000.00 at least one hour before the market closing time. Therefore, I reluctantly sold some of my shares to comply his request. Because of this deal, I lost approximately $1,000.00 because the stock's price went up after I sold them. However, after the market, I received a letter from Charles Schwab. It says I have time to cover the Fed call until April 15! That's next Wednesday! I already file a complaint about this strange incident by email. But they told me it would take couple of days to figure out what happened. Can anybody give me an advice for this matter? Should I file a formal complaint to SEC ASAP, or should I wait for their response? Thanks in advance.

To: avenger who wrote (125)	4/14/1998 12:13:00 AM
From: Randall Thomas	Read Replies (1) \| Respond to of 1401

Can anyone tell me what ESchwab customer autofills on OTC stocks (obviously ones Mayer makes a market in) are at present? In the past they were 1000 auto for soes1000 stocks, 500 for soes500, 200 for 200stocks, etc....though this seems to be worse terms than their larger correspondents are given (some are on 2000 on some stocks, and 1000 on soes500 stocks).....it seems like they would have raised them, since I can go to a correspondent, pay less than a penny a share and maul the trader (while they also pay correspondent for the order flow) in a soes500 stock, or go to schwab, pay 1/32 a share and get 500 auto and the rest manual...never have understood this strange logic....Mayer has the attitude that they have Schwab, so they are doing their correspondents a favor giving them execution but then they give those same Schwab customers absurdly low autofill amounts. thanks scott