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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: Chris K. who wrote (2860)	4/20/1999 10:47:00 AM
From: Serge Collins	Read Replies (4) \| Respond to of 4467

Chris K: I placed an order yesterday with InvestorLine with 6 minutes left in the trading day and I didn't get a fill. Remember when discount brokers came onto the scene about 10 years ago, their motto was, "Why pay more?" If someone ever commissioned a study to find out how much investors are losing by using discount brokers (this would be difficult to do), I suspect the losses to investors would be in the billions of dollars. The problem is that investors in Canada have absolutely no recourse. You don't have an SEC or NASD to complain to and both the IDA and OSC are a joke. It seems to me that ALL discount brokers are inefficient in Canada and are costing us plenty through untimely execution of orders. And when you call them to complain, they tell you bald-faced lies to boot. Personally, I'm sick and tired of it all and looking for alternatives, possibly going to a full service broker or even one of the new kids on the block like Schwab. Anyone out there have any opinions to share about this. I hear Schwab is not bad.