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

To: steve goldman who wrote (5117)	8/30/1998 7:44:00 PM
From: William W. Dwyer, Jr.	Read Replies (3) \| Respond to of 12617

Steve, It would seem to me that if one's broker breaks a trade and fails to fill at the then current market price, AND fails to give the trader/client timely notice AND leaves the trader long, knowing the trader thought he was flat and out (because he issued a sell order that was filled and confirmed), then I would imagine that firm would be in a very vulnerable position with immense liability exposure. I don't see how one's broker can accept and confirm a sell order, then come back and say "no, nevermind, some error must have been made, you're still long" (and losing money while the dispute lingers). I would be suing that firm ASAP and filing complaints with everybody but Judge Star. Seriously, doesn't the broker have any responsibility here? Surely their is some fiduciary responsibility and recourse to the trader beyond calling and complaining. Makes you really hate any broker who would even consider calling a client with a "problem" like this. I say it's the broker's "problem", not the client's. Bill