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Non-Tech : Waterhouse Securities -- Ignore unavailable to you. Want to Upgrade?


To: bh who wrote (1313)5/10/1999 8:42:00 PM
From: Beltropolis Boy  Read Replies (2) | Respond to of 2076
 
> I came up w/ the 100K number b/c a few months back I asked WH if they will be offering IPOs like Etrade, at that point they told me they planned on offering them to people w/ 50K + accounts.

alas, this won't give you a warm & fuzzy, but your impression is correct. i just hope it doesn't apply to waterhouse's own IPO ...

to wit, i just received my april waterhouse statements with the following excerpts from the inserted flyer.

-----

An Opportunity to Participate in Offerings of Selected New Issue Securities
New Public Offerings & Secondary Offerings

We currently participate in new issue offering of preferred stocks and corporate debt and anticipate offerings of common stock in the future.

In order to purchase new issues through Waterhouse Securities, you must have a minimum of $50,000 equity in your Waterhouse Securities accounts, and have made a minimum of four trades within the last 12 months.