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Non-Tech : DATEK- COME LOSE YOUR MONEY -- Ignore unavailable to you. Want to Upgrade?


To: Raj Ramaswamy who wrote (12)11/18/1998 9:51:00 PM
From: Randall Thomas  Read Replies (1) | Respond to of 38
 
<<I think Datek is doing is to "advance" their own money as a
credit..while other brokers usually update your balance next
day....>>

Datek is not advancing anything....under security regs you can turn over your funds as many times as you want in a day (except in ira) as long as you do not exceed your total margin buying power at any point during the day.