Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Pastimes : Thread Morons -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (3723)	8/18/1998 7:29:00 PM
From: INFO_DART	Read Replies (1) \| Respond to of 12810

Kerry, Thank you for the post. My purpose is not to complain. Rather it is to understand enough so that I might make better judgements. It is the problems or complaints that motivate my interest because they cost me money. In addition, I think we have a civic duty to let others know what is happening. It may also be in some way a force for positive change in the industry. It is true that there is a large gap between the performance of the online brokers and the expectation of the consumers. I think some of this comes from a difference in perspectives. One perspective is that of a software company. Its almost like, wow, they are a registered and licensed Microsoft service provider. Versus they are a financial institution of the United States of America. Here is an analogy. What would you think if several times a week your bank bounced one of your checks although you had more than enough funds on deposit? That is, they failed to execute a transaction. Your check said pay to the order of John Doe and they didn't do it. That is what you are doing when you place an order to buy. Then when you ask them what is going on they never give you a straight answer. Furthermore, they say there is no problem or that you expect too much. These online brokerage systems aren't rocket science. I fear they work or (don't work) that way because that's how they want it to be. We are talking Billions of dollars here. I've been a senior executive at a $50+ Billion Bank Holding Company. Believe me this is nonsense. I wonder if these online brokerage guys are laughing all the way to the bank!