To: gaj who wrote (18537 ) 3/9/1999 2:52:00 PM From: steve goldman Read Replies (1) | Respond to of 122087
Its stinks, it smells, and it forces you to be sure that you are being told the truth, but the reality is that you are only entitled to what was done , not what was reported. SOmetimes reporting errors are ugly, nasty and have serious consequences. They usually do. If they didnt, we wouldbe be talking about it. Anyway, because of the mayhem in the markets, the immediacy that people demand when taking reports, etc. the SEC and NASD say its whats done not reported. Thus though the trade was reported, if it wasnt done, and was just a reporting mistake, then you are out of luck. But... a few things: 1. you should verify the times and sales, prints, etc. and makesure it didnt trade though (options are harder than stock) , make sure you werent entitled to a print 2. then you simply make a case to a manager that they should do something that you would have done them at a different price had you known that nothing was done. Yamner makes mistakes. For sure. We evaluate what was done, the error, who goofed, whether the goof made a difference (it rarely does) and then we do the right thing. Believe me, i've eat plenty of losses that i could have hidden behind legalese,etc. But i've also had to put my foot down on errors as well when I dont think we were wrong. If someone gave you a report on a trade,and you trulely have established a patter of paying up, then I would have mad eyou good, given your track record. always be reasonable. Understand that mistakes happen, understand the rules.The only reason I am suggesting this understanding is so that you can get what youwant, some consideraton, some compromise for the error. Regards, Steve@yamner.com