bad experience in Charles Schwab recently

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Non-Tech
bad experience in Charles Schwab recently

An SI Board Since February 1997

Posts	SubjectMarks	Bans
124	0	0

Emcee: Liren Chen	Type: Unmoderated

Introduction Compact

I had a bad experience in Charles Schwab after new NASDAQ
trade rule.

1) I had a order to buy 2000 shares of a very active NASDAQ
at market. The 1st 1000 shares was filled 2 minutes later.
The rest 1000 shares was filled 7 minutes later. The price
difference between 2 filled lots is $0.50. Even the spread
of stock was 1/8.

2) I had a order to buy 1000 shares of a very active NASDAQ
at market. Schwab filled 500 shares 1 minutes later and
filled the rest 500 shares 3 minutes later. The real time
quote showed at least 1000 share in ask side. The 2nd
500 shares got a higher price.

I seem to me that Schwab's trade desk or dealer plays
game to steal investor's money.

Do you have similar experience?

Where can I complain?

Thank you.

Liren

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
124	I tried their Velocity software and it is far slower than accessing Schwab thru	Herc	-	4/11/2000
123	Schaub just bought CyberCorp. Here is what kind of company they bought! Today a	boring	-	3/29/2000
122	Mike--never mind. I Hadn't realized the date of the thread	Dwight Taylor	-	2/23/1999
121	"they (Schwabb) bend over backwards to satisfy their customers...personall	Dwight Taylor	-	2/23/1999
120	There doesn't seem to be any complaint on this thread for the last two year	lkj	-	1/9/1999
119	Ted, they truly do s*ck. Not only are their stock and options commissions high,	Gary Wisdom	-	1/9/1999
118	VinWood, Your question is timely...Schwab's website cost me $1,400 on Frid	EJ	-	1/9/1999
117	I have been trying to place a trade online on Schwab for over an hour. The site	VinWood	-	1/8/1999
116	gomezadvisors.com EJA	EJ	-	5/18/1998
115	James, I was unable to exit an options position in my schwab account due to hig	Ted Jackson	-	10/31/1997
114	Greg Sigh up exchange2000.com	John Sloan	-	10/28/1997
113	I missed an opportunity on a stock that was a screaming buy hey you and a mi	Q	-	10/28/1997
112	Check out discussion at:http://www3.techstocks.com/~wsapi/investor/Subject-1780	capitalistbeatnik	-	10/28/1997
111	James: SCHWAB SUCKS! I missed an opportunity on a stock that was a screaming b	exhon2004	-	10/28/1997
110	I tried to execute the trades on the Internet. I couldnt because of a problem	capitalistbeatnik	-	10/28/1997
109	I highly recommed (sp?) pioneer. One is able to trade before and after the ope	Ted Jackson	-	10/28/1997
108	I would never actually short schwab. There are much better shorts out there.	Ted Jackson	-	10/28/1997
107	I, too, have everything locked up with Schwab, (including holding their stock,	Sheri Kohn	-	10/28/1997
106	Before you short a stock based upon bad service, remember three words: America	capitalistbeatnik	-	10/28/1997
105	I would love to short this stock, too. However everything is locked up with Sc	Ted Jackson	-	10/28/1997
104	Who cares? Schwab service and their computer system have sucked big time lately	Will Cunningham	-	10/28/1997
103	Cisco: You're right, I stand corrected! But it's interesting that you	Father Terrence	-	10/24/1997
102	My comparsion was for 5,000 shares of a listed stock bought at a limit price of	Cisco	-	10/24/1997
101	Cisco: Regal is $18 NOT $80!!! Terrence	Father Terrence	-	10/24/1997
100	Real Time Quotes The Etrade $30.00 charge is the fee paid to the exchange it is	Jim Berg	-	9/16/1997

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