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

To: brad heffler who wrote (4348)	3/20/1999 3:32:00 PM
From: steve goldman	Respond to of 4969

Brad, Those are tough questions which vary depending on firm to firm. We keep records of everything. The firm simply makes a choice. They look at their ticket,they realize they blew it, and they decide they eat the error or they bullsh*t the client. Personally, my reputation is worth far more than any few grand error. Believe me, i've made errors. I am sure some of our clients on these threads my be able to recount how we deal witherrors. I've sold instead of bot. Bot instead of sold. Expired a GTC as a day etc. I happens. It stinks and there are losses. But what you do as a firm is key. We always make good. I think thats' bernie's philosophy, that if start doing wrong by your clients, they leave you. I would venture to say that Waterhouse has the records. To more directly answer your question, though I havent looked at bookkeeping record regulations in about 2 years, ithink all tickets and items relating to a ticket must be kept for 3 years. -Steve@yamner.com