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Non-Tech : Complaints About Schwab -- Ignore unavailable to you. Want to Upgrade?


To: scaram(o)uche who wrote (25)1/8/1999 11:48:00 AM
From: Guardian  Respond to of 196
 
OFF TOPIC FOR ALL:

question for all: i put in a limit order for 100 sh cmgi this am before market at 170 1/4, above low bid at time. got execution at 9:45 from DLJ direct and took screen print. got e-mail confirmation of buy at that price at 10:01 am. then at 10:07, cmgi disappeared from my dlj execution screen and the order screen reverted to open. at 10:17 i got an e-mail from DLJ saying that the exchange reported the execution in error.

Has anyone else had this experience with dlj or other brokers as to NASDAQ and, if so, what was the outcome? I asked DLJ for the exchange's notice, but they told me it was by wire and they couldn't provide it. they also said it happens occasionally. i just have the feeling some MM is intervening (stealing profits) post execution and i am seriously considering legal action. what do you experts think?

thanks for any input.