SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Online Broker Down - Sue 'em - EGRP, JBOH, AMTD, SCH, NDB -- Ignore unavailable to you. Want to Upgrade?


To: bh who wrote (132)2/10/1999 9:55:00 AM
From: redbird  Read Replies (1) | Respond to of 253
 
BH, Etrade says market orders can not be canceled because they are immediate. But I have had market orders take 6 minutes, and etrade still will not give me the trade at or near market. Here are my current two complaints with ETRADE.

All times EST

1) On Dec 24th I sold SKYM with a market order at 9:45 and the bid was 12 1/8. Etrade gave me the sale at 9:51, 6 minutes later, at a price of 9 1/4. SIX MINUTES FOR A MARKET ORDER!!!. They have refused to give me the correct price.

2) On Feb 4th I sold MHMY with a market order at 10:02 and the bid was 19. I have a witness, one of my co-workers who heard me say I was about to double my money. He came by my desk and was here when I made the sale. Etrade lost the sale. I tried to contact them, but all phones were busy. I finally got through and was told to write to Service2@etrade.com. Etrade has agreed to give me the price of the stock when they received the email (14 1/2) but will not give me the trade they lost.

If they are not resolved by end of day today, I am sending all documentation to The Kansas Attorney General. All I want is for Etrade to be fair. I am sure they believe there is nothing their customers can do. Maybe they are right, but I will try if they do not make these complaints right.

Redbird