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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (3895)	12/1/1998 5:18:00 PM
From: Patricia Meaney	Read Replies (2) \| Respond to of 4969

Steve, You were referred from someone on the Etrade thread. This is what happened to me today - could you advise? >>I just received a call from Etrade who informed me that a stop limit order that sold yesterday and that I have written confirmation for, and I also had a verbal (via a phone conversation yesterday from one of their reps) was a mistake and that it didn't go through. She claims that the market makers messed up and that they have 3 days to reverse this even though they sent me a confirmation that it went through. Is this possible? I can't believe that they can get away with this. The price of the stock is now 3 dollars below what they told me I sold it at and I invested about half of it yesterday thinking I had the cash.<< I spoke with a couple of my friends on Wall Street recently and they never heard of this and they say that I should not let Etrade get away with this. Did you ever hear of this rule that a market maker can reverse any trade within 3 days?