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


To: Char who wrote (4053)1/5/1999 2:52:00 PM
From: steve goldman  Read Replies (3) | Respond to of 4969
 
Well, there is no doubt it wasn't handled properly. You are required to take what was done, not what was reported. Thus, I think you are obliged to take the trade, no matter how poorly the firm handled it. Certain firms handle it different. We proboably would have eaten the worst of the pieces...yet, legally, I think they are on the up and up...as for the other stories about times and sales, fills, etc....if it smells, looks and walks like a horse...regards,
Steve@yamner.com



To: Char who wrote (4053)1/6/1999 1:11:00 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 4969
 
That is very un characteristic of Waterhouse. Not sure where your local office is but here in Boise, they would have taken those shares off your hands. Soon as I question them here, they usually make good on what they do and erase all comission charges.

If you still want to keep the shares, I would at least raise enough heck to make them take away the trade costs.

Lee

PS- MMs do have a licence to steal, but you can raise enough heck to where they get some pressure placed on them by the brokers who have to cover their deeds.