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

To: peter n matzke who wrote (4994)	8/16/1998 10:00:00 PM
From: Sword	Read Replies (1) \| Respond to of 12617

I have only MB Trading as a broker. When I inquired about boxed hedges, MBT instructed me to open up a separate account with a different tax number (SS number). This 2nd account would be used to hold the short position, the first account, the long position. The 2nd account had to be opened with my wife's SS number. The accounts were then linked to allow the hedge. On another SI thread, I came across a similar discussion in which some of the participants indicated that they had similar procedures that they had to follow to establish the box capability. Some of them used corporate tax numbers for the second account. If your broker did establish a hedge without the 2nd account being registered under another tax number, they were in violation of SEC rules. -Sword