To: Alexander Pavlov who wrote (10449 ) 11/26/1998 8:54:00 AM From: Howard Glynn Read Replies (2) | Respond to of 16892
Datek Experience and a question on notary publics... First time poster on SI today :-) Some comments and a question... Contrary to most of the responses on this board, I have had good dealings with Datek. I'm in an unusual position in that I trade shares from the UK, and online trading generally is a revelation compared to the archaic system in UK. Even though I'm trading 5000 miles away, over a 56K modem, usally with streamer and other stuff open, I get confirmations/page reloads in 4-5 seconds. I only ever trade between about 12:30pm and the Close, when I get home from work, so maybe that makes a difference. I'm making 10-12 trades in that time, and making money out of what is effectively a hobby, so I'm happy :-) Maybe move up to Level II middle of next year, but daytrading using a discount broker I have found is a great way to 'learn the game'. I'm happy to trade with limit orders all the time, I never use market. Here's my question... I originally opened a joint account with my Dad (Community type) but now we have two individual accounts. We want to transfer all the stock from the community to one of the individual a/c's. Datek are saying they want a 'notarized' account transfer form since the names differ. Customer support, to their credit, have replied a couple of times to my question but I am still unclear what this is due to lack of understanding of US formalities. You need a raised seal from an attorney? Here's the problem - we are both in the UK, do you think a UK notarized form would be acceptable and meet Dateks regulatory requirements? If not, how can we get a notarized form from a notary public in the US if we are not present (I do go on business to the US a lot so I can get to an NP, just not both of us at the one time...) - thanks for any advice.. - Howard - Sunny Scotland