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Non-Tech : Fight The Power! -Your Broker Just Screwed U - Now What? -- Ignore unavailable to you. Want to Upgrade?


To: Charger who wrote (91)12/9/1998 11:33:00 PM
From: ajunkh  Read Replies (2) | Respond to of 323
 
Regarding my earlier post and Charger's query in response: Ameritrade is the firm, and I bought in around 22. Ameritrade never called me back with results of the investigation, but I called them and they asked me to be patient saying they were still negotiating with the market maker to change the fill price of a vast number of ONSL trades. Thanks for any help or advice you can lend!

ajunkh

To: Charger (2 )
From: ajunkh Tuesday, Dec 8 1998 2:28AM ET
Reply # of 120

To add my sad story, I wanted to set a stop loss order but I couldn't get through on my broker's servers or on the phone while ONSL was still trading above $100. I finally got through when ONSL was trading down towards $90, and placed a market sell with the last trade indicated at about $91. It took about 20 minutes before the trade showed up as executed, and it was executed at $50! I requested that the firm investigate and they promised to get back to me by last Friday at the latest. They have not. Do I have any recourse?