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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Kris who wrote (3722)	4/13/1998 9:21:00 PM
From: John Hunt	Read Replies (2) \| Respond to of 12617

<< How does one check out the reliability and substance of a broker? >> Kris, You could always ask for a Nasdaq report as a starting point. pdpi.nasdr.com John

To: Kris who wrote (3722)	4/13/1998 10:46:00 PM
From: Deborah J. McClure	Read Replies (1) \| Respond to of 12617

Kris- email me your questions, and I'll be glad to answer about MBT. I use them, and love them. My husband just started using them and I've sent 2 more friends their way. I've had money wired back and forth with no problems. Seem totally legit to me.

To: Kris who wrote (3722)	4/14/1998 7:16:00 AM
From: steve goldman	Respond to of 12617

Kris, You strike a good point, one that many online investors seem to not concern themselves with. While virtually all firms have SIPC insurance, nothing says that you wont call up one day and find that you cant execute a trade because your firm went insolvent. You then go through hoops to try get in touch with the firm to get your money, if it still existent, to recover your cash. Most of the firms we are talking about here clear through someone else so concerns become lesss severe, but the point is made. Trust me, you don't want any part of that. Ask people you might know who might have had an account with Drexal a number of years back if they slept well the night that firm shut down....and that was a firm with great respect on the street and assets to payout clients. I think many of these online firms have great expectations and intentions of making wonderful businesses, and some of them will make it, but many will not and many do not phathom the problems that arise when you start to fall apart. I believe NASD (or NASDR).com has a form you can fill out with the brokers' CRD# (Central Record Depository, i think) and it will then email you any filings or complaints against the firm or the broker. Some reports could be many pages long and some could be nonexistent. As an example, a firm like Schwab could have lots of filings but it might not be significant because of the tremendous volume they do. Also, for example, a report on our firm would produce no filings as we have never had a filing or complaint against our firm in over 20 years. Read the particular type of filing of filing and you will be amazed at the kind of crap that goes on. As well, you could call the exchange and see if they can giveyou any information. Ask them if they know the firm, the time they have been members etc. In the end, I think you will find that there is simply not enough information. The best means of finding a broker is calling them , talking to them, getting to know them and their work, their credibility etc, before you open an account. Regards, Steve@yamner.com yamner.com

To: Kris who wrote (3722)	4/18/1998 7:58:00 PM
From: Ken Wolff	Read Replies (1) \| Respond to of 12617

<< How does one check out the reliability and substance of a broker? I want to open an account with MB Trading because of all the praise they get here, in spite of the fact that much of that praise comes from Ken Wolff who obviously is closely affiliated with them, and the rest comes from anonymous SI participants who could be anybody.>> Kris, I am not sure exactly what you mean "affiliated" but I would like to make it clear that I have no other links to MB Trading other than they have a rep who visits my chat room as a technical assist and the fact that I personally use them. We do have many traders who use them in the room. I would also like to make it clear I do not receive any money or kickbacks from MB Trading for any traders joining their service, at all... My evaluation of MB is based on performance alone and nothing more..... Good Luck Ken www.mtrader.com