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To: H James Morris who wrote (6170)6/16/1998 11:39:00 AM
From: jawd  Respond to of 164684
 
Datek trades millions of shares on their own account as market makers - to me, a straight forward conflict of interest with its brokerage clients.

They also play with the trades - i.e. off load stocks at prices they like onto customers. They play "middle man".

I dumped Datek after only one month. No good for day trading - ok maybe for short/long term investors.