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Non-Tech : Brown & Company New "5 and 10 Store"? -- Ignore unavailable to you. Want to Upgrade?

To: Esteban who wrote (156)	10/6/1998 4:40:00 AM
From: Spaw	Respond to of 1865

E, Indeed. Excellent explanation. I'm not talking about NITE showing 10. More specifically, I am talking about some market maker showing 10. I make a limit bid at the same price for 11. NITE is the clearing MM for Brown, comes in representing me, and bumps the other guy because I've beat him with size. That's how I work Level II with Brown. I'm no whiz at this stuff, but it has worked for me every time I've done it, unless the market was super fast. --spaw--

To: Esteban who wrote (156)	10/15/1998 12:13:00 AM
From: Larry McSpadden	Read Replies (1) \| Respond to of 1865

Esteban, I am thinking of opening an IRA account with Brown. I have read their application forms, and find their "legal talk" a bit frightening. It sounds like any disagreement is automatically ruled in their favor, assuming you sign on the dotted line. And the money (in any of your accounts with them) is theirs. This may be standard legal lingo, but it makes me uncomfortable anyway. For all I know applications from all the other brokerage companies may have the same wording. Have you or anyone else here on SI had any problems because of their agreements? Thanks! Larry