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they also have a list not posted... they restrict a stock for 3 to 5 days when its starting to move... they have cost me huge when i got some pos pink that dies for a couple of years and then when they get it together and it starts to go... scottrader slaps a restriction... i wind up not being able to flip on the run..
its like being robbed of a chance.. makes holding and investing not worth the time in.... better to take small profits.
because of money laundering and other problems related to our friends overseas, many new things have been put in place, to prevent the funding of illegal activities, these groups have use small pink sheets and shells before, now the sro's have put guidelines in to prevent, the online firms don't have the people to research where the shares came from, how the people got them etc. so they avoid it to prevent having the liability. wake up brother, this has been going on for awhile
scotty trade and other bd's, online traders, are limiting the stocks they clear because the do not have the people in place to clear...
they don't have enough staff to clear trades? who would tell you such a dumb thing?
...fenra has made it the responsibility of the bd's to police their own actions, making them liable...
FINRA has authorized many self regulatory organizations, (SRO) yes, but mot sure what that has to do with them restricting online trades for a specific list of crappy pink and otcbb stocks.
...they don't want the added expense and risk exposure...
If you are saying that their risk management staff is the source of online trading restrictions, I would say you would be correct. But you are never going to get a peep out of them to understand WHY they restrict a specific stock.
...You can clear these thru your regular broker(full commish).
If you are suggesting it's better to find a different broker/dealer to place trades through, sure, go ahead. What one pays for commission probably doesn't have a lot to do with what's going on here.
Look, my point is I have read all kinds of nonsense on iHub about Scottrade in the past 2 weeks or so. Lies, deception, misinformation, wishful thinking, etc, etc.
IMO the root cause is that DTC bulletin that I can't read.
I wish somebody affiliated with a B/D could get that out there in public for everyone to read.... but that's not going to happen for a while, maybe.
scotty trade and other bd's, online traders, are limiting the stocks they clear because the do not have the people in place to clear and fenra has made it the responsibility of the bd's to police their own actions, making them liable. they don't want the added expense and risk exposure. You can clear these thru your regular broker(full commish).
I have never seen as many complaints about a broker restricting stocks to closing transactions only, as I have the past week or so about Scotty restricting trades on a few pinkies recently.
There is a DTCC memo about the same date as Scotty did their thing.
I have read a lot of message board garbage -- outright lies, madeup stories, fiction -- about WHY this has happened... IMO a broker's risk management department is NEVER going to tell front line staff why trade restrictions are implemented. If any of these stories are true, it's because a front line worker made up a story to get someone off the phone, OR somebody just heard what they wanted to hear and posted it on a message board...IMO
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Doc # Date Subject
OTC#172 September 08, 2009 Updates to the List of Cleared Securities...
a6870 September 04, 2009 Changes in the List of Participants...
OTC#171 September 04, 2009 Updates to the List of Cleared Securities...
OTC#170 September 03, 2009 Updates to the List of Cleared Securities...
Agreed. We need to set up a coordinated effort to harass them on share restrictions. I use scottrade on a limited basis because they gave me a debit card. If it wasn't for that card, I would say bye bye.
As far as other brokers, I use Trackdata which is $12.95 for OTC. Yes that's expensive but they let me pick from 6 market makers. So when I don't get filled using NITE, I send it to AUTO or Hudson. I have complete control. Limits: 1mm shares per trade.
For .000x trades, I recommend Interactivebrokers.com as they only charge $1 or 2 for up to 500,000 shares. This allows economy based trading for orders under $1000. They route to NITE.
I have had it with Scottrade's restrictions on pink sheets. I am desperately trying to buy some AMHD and scotty won't do it. Isn't this what I pay them for??????????????
Gen X Feels Most Stressed: Majority Has Less than $25,000 in Retirement Accounts, According to Scottrade Study
Dwindling retirement accounts, slow economy, inability to save this year, and Social Security fears make Gen X the most financially stressed generation
ST. LOUIS, March 25, 2009 —The number of Generation Xers (ages 27 to 42) who are unprepared for retirement is dramatically on the rise, according to a new study commissioned by Scottrade. More than half (52 percent) of Gen Xers currently have saved less than $25,000 for retirement. This number marks a significant change from 2008, when 40 percent reported being below the $25,000 mark, indicating that this generation’s retirement savings have suffered greatly due to the economy.
“Boomers get all the attention, but these surprising results show that Gen X has more financial heartburn right now than any other generation,” said Chris X. Moloney, Scottrade’s chief marketing officer and executive director of customer intelligence.
The survey revealed the likely causes: Almost two–thirds of Gen Xers (63 percent) saw the value of their retirement accounts decrease last year, and more Gen Xers (15 percent) had to withdraw funds from their retirement accounts than any other non–retired generation.
“Their accounts are dwindling and many are not saving this year due to the economy. In fact, our research found that Gen X is no more likely than younger Gen Y investors to contribute to an IRA,” Moloney said. “Gen Xers feel like they’re doing a high wire act toward retirement and fear that Social Security will not be the safety net they thought it would.“
Of all the generations, Gen X is the most worried that Social Security will run out (62 percent). The dual stresses of smaller savings and lack of confidence in Social Security are drivers of Gen X’s top financial concern: 64 percent are worried about not having enough money for retirement.
Overall, Gen X is the most financially stressed generation for the second year in a row. Given a list of 18 general financial concerns, Gen X, more than any other generation, is “extremely” or “very” concerned about the following issues:
Paying for unexpected, major expenses (61 percent) Managing day–to–day expenses (60 percent) Having too much debt (57 percent) Paying off credit card balances (52 percent) Having no/reduced income due to job loss (52 percent) “It’s not surprising that Gen X is again the most stressed because this generation is the most conflicted between paying for day–to–day expenses, saving for children’s education, and saving for retirement,” Moloney said.
“The economy has made this an emotional time for investors,” said Kamie Zaracki, CEO of BetterInvesting. “However, the most important things to remember are discipline, strategy and persistence. Gen X still has plenty of time to bounce back from the downturn.”
Bright Side: Gen X is Taking Action The study did deliver some promising news about Gen X. Like last year, Gen X is the most proactive generation with 98 percent of Xers taking actions to offset financial stresses, including: Comparing prices to find the best deal (69 percent) Using coupons (66 percent) Cutting back on entertainment (65 percent) Paying down debts (57 percent) Reducing credit card spending (55 percent) Cutting back on travel/vacations (46 percent) Cutting or eliminating services such as cable TV (30 percent) In addition to the actions listed above, this generation is also paying closer attention to the fees many brokers and investment firms charge for their services. In fact, one in three (33 percent) are paying more attention to such fees than they were just a year ago.
“Gen Xers are entering into their prime earning years and yet they are losing sleep over making ends meet,” Moloney said. “Fortunately, this generation is proactive and focused on fiscal responsibility.”
About The Scottrade 2009 American Retirement Study The 2009 American Retirement Study by Scottrade polled 1,000 Americans 18 years of age or older using Synovate’s national online omnibus survey, eNation®, in late January 2009 to gauge Americans’ attitudes and behavioral information about retirement and retirement planning. The sample was balanced to be representative of the general population based upon region, gender, age and household income data from the U.S. Census Bureau. The margin of error was +/– 2.6 percent. The survey asked questions about a wide range of retirement topics, such as the respondents’ feelings toward Social Security and the amount of money people feel they need for retirement. More data from the survey will be made available in the coming weeks.
About Scottrade As a leading online investment firm, Scottrade offers a full line of investment products, online trading services and market research tools to help investors take control of their financial future. Scottrade provides customers the convenience of buying many stocks online at just $7 per trade and the support of the largest branch network among online investment firms, with more than 375 nationwide branch offices. Named Highest in Investor Satisfaction by J.D. Power and Associates, Scottrade is dedicated to exceptional customer service and unprecedented value. Scottrade is also one of FORTUNE magazine’s “100 Best Companies to Work For” in America. For more information, visit www.scottrade.com.
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Media Contact: Patricia Lee, Scottrade 314.965.1555 x3581 pllee@scottrade.com
Online investment firm offers customer education conference to help customers make better–informed investment decisions
LAS VEGAS, March 25, 2009 —Scottrade, a leading branch–supported online investment firm, is hosting an investing workshop in Las Vegas as part of its customer education initiative. The regional conference to help Scottrade investors and traders make better–informed investment decisions will be held on Saturday, March 28 at The Westin Casuarina Las Vegas.
During the free workshop, attendees can network with other investors, learn how to easily manage their accounts, and effectively use the online investing functions and features of Scottrade’s trading platforms. Topics covered at the User Summit will include finding opportunities with stock and exchange–traded fund screeners; placing pre–market and after–hours online trades; learning the economic calendar for IPOs, earnings and splits; and setting up alerts for account–specific updates.
“We are proud to offer the educational seminars so that our customers can make better–informed investment decisions,” said Scottrade Director of Online Financial Services Kevin Dodson. “Scottrade’s User Summit workshops are designed to make sure investors and traders are familiar with Scottrade’s platforms so they can effectively and efficiently find and react to opportunities in the market.”
The Las Vegas User Summit is one of 24 regional workshops Scottrade is hosting around the country in 2009. Other customer education resources include an online social networking community, Web casts, and stock market and research information.
Customers can also visit one of four branch offices in the Las Vegas area, where they can have questions answered about their account and online trading as well as attend a branch seminar. Scottrade’s local branch seminars give attendees the opportunity to learn about a wide range of topics, including basic order types, options trading and the features and functionality of the Scottrade Trading Web Site.
More information about Scottrade Investment Education and registration for free local seminars is available at www.scottrade.com/education/.
Scottrade Announces Sponsorship of 2009 Sony Ericsson Open
Online investing firm’s sponsorship of premier tennis tournament will include presence online, on TV and at Miami’s Tennis Center at Crandon Park
ST. LOUIS, March 23, 2009 – Scottrade announces it is the Official Online Broker of the 2009 Sony Ericsson Open, to be held March 25 through April 5 at Tennis Center at Crandon Park in Miami, Fla. The Sony Ericsson Open is the fifth–largest tennis tournament in the world and the largest tennis event outside of the Grand Slams.
“The Sony Ericsson Open hosts some of the world’s most renowned tennis players, showcasing a high level of speed, consistency and precision that parallels what Scottrade strives to bring our customers trading online every day,” said Chris X. Moloney, chief marketing officer and executive director of business intelligence at Scottrade. “Now, more than ever, self–directed investors are looking for affordable solutions to help them manage their investments. This sponsorship is a great opportunity for Scottrade to reach investors while sponsoring one of the country’s premier sporting events.”
As part of its sponsorship, Scottrade will be featured prominently throughout the 2009 Sony Ericsson Open. Tennis fans will see the online brokerage’s signage in the stadium, on the grandstand sidewalls and on the scoreboard. In addition, Scottrade advertising will appear online and on CBS during the men’s and women’s finals on April 4 and 5.
“We are extremely happy to welcome Scottrade to the Sony Ericsson Open family,” said Adam Barrett, Sony Ericsson Open Tournament Director. “The Sony Ericsson Open is committed to offering the best in customer service and Scottrade’s commitment to excellence makes this a perfect partnership. Scottrade’s sponsorship helps increase the stature of this already world class event.“
This is the first time Scottrade will be participating as a sponsor of the Sony Ericsson Open. For more information about Scottrade, visit www.scottrade.com.
Scottrade Hosts Online Investing Workshop for Dallas-Area Customers
Online investment firm’s User Summit helps Dallas investors make better–informed investment decisions
Dallas, Texas, March 18, 2009 – Scottrade, a leading branch–supported online investment firm, is hosting a free investing workshop in Dallas as part of its continued commitment to customer education. Hundreds of Scottrade customers are expected at Scottrade’s User Summit, which will be held on Saturday, March 21 at the Dallas Westin Galleria.
During the workshop, customers can network with other investors, learn how to easily manage their accounts, and effectively use the online investing functions and features of Scottrade’s trading platforms. Topics covered at the User Summit by Scottrade Product Specialists include finding opportunities with stock and ETF screeners; placing pre–market and after–hours online trades; using advanced orders; learning the economic calendar for IPOs, earnings and splits; and setting up alerts for account–specific updates.
“We are excited to offer our first User Summit to Dallas–area Scottrade customers,” said Kristin McDougall, Scottrade Customer Education Manager. “In addition to providing our customers with information that will help them make better–informed investment decisions, our User Summits also offer customers the opportunity to meet investors in their local area and continue the conversation on our social networking site, the Scottrade Online Community.”
The Dallas User Summit is one of 24 regional User Summits Scottrade is hosting across the country in 2009. Other Dallas–area educational opportunities available for Scottrade customers include smaller branch seminars where attendees can learn about a wide range of topics, including basic order types, options trading and the features and functionality of the Scottrade Trading Web Site. Customers can also visit any of several area Scottrade branches with account or online trading–related questions.
More information about Scottrade’s investment education initiatives, including registering for free local seminars, is available at www.scottrade.com/education.
Scottrade Opening Saratoga Springs, NY Branch Office
Online investment firm opens new office as local resource for Upstate New York
SARATOGA SPRINGS, N.Y., March 11, 2009 – Scottrade, a leading branch–supported online investment firm, is opening a branch in Saratoga Springs, N.Y. The branch will open on Monday, March 23 at 3076 Route 50 in The Shoppes At Wilton.
The Scottrade branch will be managed by lifetime Saratoga resident Jeff Goliber, who brings more than 13 years of financial services experience to the new office. Most recently, Goliber was the branch manager for Scottrade’s branch in Albany.
“Both new and existing customers will benefit from the Saratoga Springs location, as it will allow us to better serve those who live and work north of the Albany area,” Goliber said. “As new jobs and homes are quickly being created in the area, newly relocated residents will find Scottrade’s Saratoga location extremely convenient.”
Scottrade is an online investment firm that provides the tools and research necessary for individuals to make their own investment decisions. The firm does not provide investment advice, but stock brokers are available at branch offices to answer account–related questions, provide customer service and give tutorials on Scottrade’s online trading services.
“We feel it is important to have branch offices where our customers work and live,” said Rodger Riney, Scottrade founder, president and CEO. “While most of our customers trade online, our local offices allow us to provide a better customer experience for online investors.”
The Saratoga Springs branch is Scottrade’s 21st location in New York State. The branch will be open Monday through Friday from 8:30 a.m. to 5 p.m. and can be reached at 518–584–4060. After hours support is also available Monday through Friday from 7 a.m. to 11 p.m. and on Saturday from 7 a.m. to 5 p.m. For more information, visit www.scottrade.com.
Options trading made headlines recently thanks to Bernard Madoff and his alleged Ponzi scheme.
Madoff delivered consistent monthly gains of 1% for decades, telling his investors that the returns were the result of clever options trades. While the media has put Madoff’s actual options activity in doubt, it’s true that options trading can make (or break) your investment portfolio.
Some people look forward to it and most people hate it. The question one must ask is, “Do I have to hate tax season?” To help remedy tax season stress, Scottrade has included a Frequently Asked Questions section on the back of the 1099 form. This section will answer many of those tough and sometimes irritating questions, which will in turn save you time and money researching an answer elsewhere. If this form does not answer your question directly, it will give you resources to find your answer. Tax season doesn’t have to be difficult.
Do you want to get ahead of the game and beat stress before it beats you? Check out the FAQ section below – read them all, or jump straight to the answers you need. If you need additional information, log into your Scottrade account. Once you’ve logged in, click on the “My Account” tab at the top and then click “Account History” on the left side of your screen. You will see an “Advanced Help: Tax Statements” box on the right.
Online investment firm expands branch network in growing North Dallas area
Allen, Texas, March, 4 2009 –Scottrade, a leading branch–supported online investment firm, is opening a new branch office in Allen, Texas, on Monday, March 9. The branch, located at 190 E. Stacy Road, will be managed by Justin Leeson, who brings eight years of financial services experience to Scottrade’s new office, most recently as branch manager for Scottrade’s Dallas–Galleria location.
“As an Allen resident, I’m excited to participate in the community’s growth and offer investors a convenient location to stop in and have questions answered,” said Leeson. “Scottrade’s new branch will provide our customers living in Allen and the surrounding communities with a local resource. Whether it’s walking you through different products and services or helping you learn how to become a better–informed investor through a branch seminar, our branches are available to help our customers manage their own investments.”
Scottrade is an online investment firm that provides the tools and research for individuals to make their own investment decisions. Scottrade does not provide investment advice, but stock brokers are available at branch offices to answer account related questions, provide customer service and give tutorials on Scottrade’s online trading services. Scottrade also offers educational opportunities to its customers through free educational seminars at many of its branch offices.
“We feel it is important to have branch offices where our customers work and live,” said Rodger Riney, Scottrade founder and CEO. “While most of our customers trade online, our local offices allow us to provide a better customer experience for online investors.”
The Allen branch is Scottrade’s 14th branch office in the Dallas–Fort Worth area and the 28th in Texas. Other North Dallas area branches are located in Frisco, Plano, Garland and Irving.
Scottrade’s Allen branch office is open Monday through Friday from 8 a.m. to 5 p.m. and can be reached at 972–678–2462. For more information, visit www.scottrade.com.
Online investment firm branches into first York County location as part of commitment to local service
York, Pa., March 3, 2009 –Scottrade, a leading branch–supported online investment firm, is opening a branch in York, Pa. The branch, located at 701 Loucks Road in The Shoppes on the Avenue, opens on Monday, March 9 and will be managed by Shane Rebert. Rebert brings nine years of financial services experience to the York branch, most recently as Assistant Branch Manager for Scottrade’s Harrisburg, Pa. office.
“As with many of our new offices, the reason we are opening a new Scottrade branch is to be closer to our customers,” Rebert said. “In Harrisburg, many of our customers had asked if we had a York office and we are excited to now be able to serve the local community with the convenience of our first York County office.”
Scottrade is an online investment firm that provides the tools and research necessary for individuals to make their own investment decisions. The firm does not provide investment advice, but stock brokers are available at branch offices to answer account–related questions, provide customer service and give tutorials on Scottrade’s online trading services. Many of Scottrade’s branch offices also offer free educational seminars to its customers on a variety of topics.
“We feel it is important to have branch offices where our customers work and live,” said Rodger Riney, Scottrade founder, president and CEO. “While most of our customers trade online, our local offices allow us to provide a better customer experience for online investors.”
The York branch will be Scottrade’s 15th location in Pennsylvania. Other Keystone State locations include branches in Harrisburg, Lancaster, Scranton, Pittsburgh and Philadelphia.
Scottrade’s York branch is open Monday through Friday from 8:30 a.m. to 5 p.m. and can be reached at 717–845–1791. After–hours support is also available at 800–619–7283 on Monday through Friday from 7 a.m. to 11 p.m. and Saturday from 9 a.m. to 5 p.m. For more information, visit www.scottrade.com.
New Study Reveals Sharp Drop in Americans' Confidence That They Can Ever Fully Retire
Economy, Social Security concerns make retirement picture bleak for all generations, but half of Americans still think economy will improve by end of 2009
St. Louis, Feb. 25, 2009 – Fewer than one in three Americans expect they will ever be able to fully retire, according to a new study commissioned by Scottrade. This represents a decline from 39 percent in 2008 to 32 percent this year, an 18 percent decrease.
Scottrade’s 2009 American Retirement Study shows that the economy has had a significant impact on Americans’ retirement picture. The value of retirement accounts is dwindling –– 43 percent of Americans indicated their accounts decreased 10 percent or more since last year. Retirement saving is suffering this year due to short–term financial pressures, such as day–to–day expenses, unexpected expenses and debt. The study indicated that almost two–thirds of Americans said they do not plan to contribute to an IRA, up from just over half last year.
Concern over Social Security continues to weigh on the minds of Americans. Seventy–seven percent of Americans are concerned for its future and more than half think it will run out by the time they reach retirement.
“Americans anticipate having to work longer, as their nest eggs have been shrinking and the economy has made it harder to save,” said Chris X. Moloney, Scottrade’s chief marketing officer and executive director of customer intelligence. “Factor in the fear regarding the future of Social Security, and you have an unprecedented tsunami of retirement challenges.”
Boomers (67 percent) and Gen Xers (64 percent) are the generations most concerned about having enough money for retirement, but other primary concerns differ significantly among generations.
“Boomers have been hit the hardest by the current downturn and have the least time to recover. As a result, nearly 75 percent of Boomers fear full retirement will not be an option for them,” Moloney said. “Although Gen Xers have more time to save, their deep fears about retirement parallel Boomers’ because increased stress around managing day–to–day expenses is threatening their ability to save.”
Gen Y Has a Different View
“Gen Y is an anomaly,” Moloney added. “They are actually slightly more confident this year that they will be able to save enough to fully retire –– even though the amount they have saved has declined and more of them are concerned that Social Security will fall short. This research shows that Gen Y is fueled by a marked optimism that is unique to their generation.”
Another significant discrepancy among the generations is in retirement planning. The difference between those who do their own retirement planning versus those who use a professional financial advisor is far more pronounced for Gen Y than other generations (28 percent plan independently; 5 percent use an advisor).
“Gen Y is the Internet generation,” Moloney said. “There are few things they feel they can’t do on their own. They’re more likely to turn to their iPhones for retirement help than to an advisor. Other generations are excited about the evolution of online tools, research and educational resources like those that Scottrade provides, but growing up with these options has made Gen Y used to an independent approach.”
Reducing Financial Stress
The generation gap closes when it comes to how Americans are reducing financial stress. Across all generations, the top way they are addressing concerns is spending less. Gen X is taking the most action and leads the generations in using coupons (66 percent), cutting back on entertainment (65 percent), paying down debts (57 percent) and reducing credit card spending (55 percent). Boomers lead the pack in comparison shopping (70 percent), and Gen Yers lead when it comes to focus on increasing income, with 30 percent working more to earn more and 29 percent looking for a higher paying job.
“Spending less is a normal reaction in this type of economic environment, but the saying ’Pay yourself first’ has never become more valuable or meaningful,” said Kamie Zaracki, CEO of BetterInvesting, a nonprofit organization dedicated to investment education. “Maintaining a prudent, disciplined and non–emotional approach to investing will prove successful as this economy begins to right itself.”
Despite their financial fears and current belt–tightening, Americans are refreshingly hopeful in the economy, themselves and the Obama administration. Half of Americans think the economy will improve by the end of 2009, and 61 percent remain confident about their own ability to plan for retirement. Forty–three percent of Americans expect a positive impact in their financial status due to President Barack Obama taking office this year. Gen X was the most confident in Obama, with 49 percent saying his administration would have a positive impact.
“Investing needs vary across generations, and the economy is challenging investors this year, but all investors want to make the best decisions for their situation,” Moloney said. “Scottrade has always been dedicated to providing education and trading tools that help people invest in their futures.”
About The Scottrade 2009 American Retirement Study The 2009 American Retirement Study by Scottrade polled 1,000 Americans 18 years of age or older using Synovate’s national online omnibus survey, eNation®, in late January 2009 to gauge Americans’ attitudes and behavioral information about retirement and retirement planning. The sample was balanced to be representative of the general population based upon region, gender, age and household income data from the U.S. Census Bureau. The margin of error was +/– 2.6 percent. The survey asked questions about a wide range of retirement topics, such as the respondents’ feelings toward Social Security and the amount of money people feel they need for retirement. More data from the survey will be made available in the coming weeks.
Scottrade Opening First Folsom, Calif. Branch Office Online investment firm expands Sacramento area branch office network to provide investors with local service and support
FOLSOM, Calif., Feb. 18, 2009 – Scottrade, a leading branch-supported online investment firm, is opening its first Folsom, Calif. branch office. The branch, located at 2371 Iron Point Road in the Folsom Gateway II shopping center, opens on Monday, Feb. 23.
“Scottrade’s Folsom branch office will be more convenient for our customers residing in the area who are currently being served through our Roseville and Sacramento branch offices,” said Skip Storm, branch manager of the Folsom office. “The new branch is easily accessible from Interstate 50 and will be a great location for our customers to receive local service or learn about online investing.”
Scottrade is an online investment firm that provides the tools and research for individuals to make their own investment decisions. Scottrade does not provide investment advice, but stock brokers are available at branch offices to answer account related questions, provide customer service and give tutorials on Scottrade’s online trading services.
“We believe it is important to have branch offices where our customers work and live,” said Rodger Riney, Scottrade founder, president and CEO. “While most of our customer trade online, our local offices allow us to provide a better customer experience for online investors.”
The Folsom branch office is Scottrade’s fourth Sacramento area location and its 61st in the state. Other Sacramento offices include locations in Roseville, Sacramento and Elk Grove.
Scottrade’s Folsom branch is open Monday through Friday from 6 a.m. to 5 p.m. and can be reached at 916–817–6370 . For more information, visit www.scottrade.com.
Scottrade Associates Go Red to Benefit the American Heart Association Online investment firm raises awareness and funds in fight against heart disease
ST. LOUIS, Feb. 18, 2009 – Scottrade, a leading branch–supported online investment firm, has donated $4,000 to the American Heart Association to benefit the Go Red For Women movement. 2009 marks the third year that Scottrade and its associates have participated in National Wear Red Day to benefit the American Heart Association.
On Feb. 6, National Wear Red Day, Scottrade donated $3 to the American Heart Association for every associate who wore red. This year, more than 1,307 Scottrade associates wore the color red to support the cause and raise awareness about the importance of heart health.
“National Wear Red Day is a great opportunity for Scottrade and its associates to raise awareness about heart health and to make a contribution that could potentially reduce the number of women affected by heart disease across the county,” said Scottrade Chief Administrative Officer Jane Wulf. “Our associates truly enjoy making a difference in the lives of those around them and I am proud of their efforts.”
Go Red For Women is a national movement founded by the American Heart Association to help fight the number one killer of American Women. The association’s goal is to reduce the risk of coronary heart disease and stroke by 2010. Go Red For Women celebrates the energy, passion and power of those involved and their ability to wipe out heart related illnesses. As a result of the participation, millions of individuals across the county wear the color red to improve heart health and live stronger, longer lives.
Scottrade believes in the importance of investing in the communities where its associates work and live. Other organizations that Scottrade and its associates support include the United Way, Rebuilding Together, the Humane Society, Susan G. Komen’s Race For the Cure, the Alzheimer’s Association and the St. Louis Post–Dispatch’s 100 Neediest Cases.
Scottrade Opens First Hoboken, NJ Branch Office Online investment firm brings a branch office to the “birthplace of baseball”
Hoboken, N.J., Feb. 17, 2009 – Scottrade, a leading branch–supported online investment firm, is opening a new branch office in Hoboken, N.J., on Monday, Feb. 23. The branch, located at 114 Washington St., will be the first online brokerage office in Hoboken, which is known as the “birthplace of baseball,” and will be managed by John Yang. Yang has experience as a broker in Scottrade’s Brooklyn and Flushing, N.Y. branches.
“While there are many Scottrade branch offices in the New Jersey–New York area, Hoboken investors now have the convenience of an online brokerage office in their own neighborhood,” said Yang. “The branch gives customers, who live in Hoboken and the surrounding communities of Jersey City and Weehawken Cove, a local resource to have questions answered and receive financial education.”
Scottrade is an online investment firm that provides the tools and research for individuals to make their own investment decisions. Scottrade does not provide investment advice, but stock brokers are available at branch offices to answer account related questions, provide customer service and give tutorials on Scottrade’s online trading services.
“We feel it is important to have branch offices where our customers work and live,” said Rodger Riney, Scottrade founder, president and CEO. “While most of our customers trade online, our local offices allow us to provide a better customer experience for online investors.”
The Hoboken branch is Scottrade’s 14th branch office in New Jersey. Other local branch offices are located in New York City, Flushing and Staten Island in New York and Millburn and Fort Lee in New Jersey.
Scottrade Opening First Tri-Cities Branch Office in Kingsport, Tenn.
Online investment firm’s new location will provide “added layer of service” and serve as educational resource for community
KINGSPORT, Tenn., Feb. 10, 2009 – Scottrade, a leading branch supported online investment firm, is opening its first Tri–Cities area branch office in Kingsport, Tenn. The branch, located at 1880 N. Eastman Road in the Reedy Creek Terrace shopping center, opens on Tuesday, Feb. 17. The branch will be managed by Jim Lomot, who has 13 years of experience in the financial services industry, most recently at Scottrade’s Knoxville, Tenn. branch.
“While I was working in Knoxville, I saw how much of a benefit it was for our customers to have the added level of service at a branch in addition to low commissions and $7 online trades,” Lomot said. “People still enjoy coming in and meeting face to face and our new Kingsport branch will give us the opportunity to serve the community more personally.”
Scottrade is an online investment firm that provides the tools and research for individuals to make their own investment decisions.The firm does not provide investment advice, but stock brokers are available at branch offices to answer account–related questions, provide customer service and give tutorials on Scottrade’s online trading services.
“We believe it is important to have branch offices where our customers work and live,” said Rodger Riney, Scottrade founder, president and CEO. “While most of our customers trade online, our local offices allow us to provide a better customer experience for online investors.”
In addition to serving as a local customer service center, Scottrade’s Kingsport branch will offer free educational seminars where attendees can learn more about how to use Scottrade’s investment tools. Registration for branch seminars will be available at the branch or online at www.scottrade.com/education.
“We are excited to offer branch seminars as another way to get our customers more comfortable with the tools and research available to them and to empower them to make their own investing decisions,” Lomot said.
The Kingsport branch will be Scottrade’s eight Tennessee location, with other offices located throughout Memphis, Nashville and Knoxville. Scottrade’s Kingsport branch office is open Monday through Friday from 8:30 a.m. to 5 p.m. and can be reached at 423–247–1980 . For more information, visit www.scottrade.com.
Scottrade Ranked on Training Top 125 for the Third Consecutive Year
Online investment firm named to list of leading organizations that excel at employee development
St. Louis, Feb. 10, 2009 – Scottrade, a leading branch–supported online investment firm, was named to Training magazine’s Top 125 list. 2009 marks the third consecutive year that Scottrade was recognized on the Top 125 list for its commitment and excellence to professional development.
Scottrade ranked No. 61 on this year’s list of the 125 companies that excel at employee training and development. The award winners were announced Feb. 9 at the Training 2009 Conference & Expo in Atlanta, Ga.
“Scottrade believes our associates are our most valuable resource, and we are dedicated to developing this talent through innovative training,” said Jane Wulf, chief administrative officer at Scottrade. “Providing our associates with the tools and professional development necessary to better serve our customers and succeed in their careers is important to the future of our firm. Receiving this award for the third consecutive year is an honor and a testament to our dedication to our associate development efforts.”
Associates at Scottrade are encouraged to continually develop their skills and talents through advancement opportunities, training contests, performance–based rewards and a tuition reimbursement program. Numerous training and development opportunities available to Scottrade associates include e–learning, customer service and skills training. The firm also offers training relevant to the online brokerage industry and an individual’s job and career aspirations.
“The companies we selected exemplify a belief in the value of learning, and we’re proud to honor them, and provide an opportunity for our readers and conference attendees to learn from the best,” said Joyceann Cooney–Garippa, publishing and show director for Training.
The Training Top 125 ranking is based on myriad benchmarking statistics, including training budget, number of hours of training per employee, levels of evaluation and workplace surveys. The ranking is determined by assessing a range of qualitative and quantitative factors, including financial investment in employee development, the scope of development programs and how closely such development efforts are linked to business goals and objectives.
For more information about the training efforts of the Training Top 125, visit www.trainingmag.com.
Posted by: 53chevy Date: Sunday, February 15, 2009 3:08:43 PM In reply to: restripe who wrote msg# 1548 Post # of 1555
Received this today from Scottrade:
RE: stock symbol BAC
The above listed stock is part of a non-mandatory reorganization or tender offer, which requires your timely attention. For details regarding this offer, contact your local branch office. Please note that failure to advise Scottrade of your intent may result in no action being taken, and we cannot be held responsible for any resulting loss.
If you decide to participate in this offer, you will need to inform your local Scottrade branch office no later than 10 a.m. ET on the expiration date, and a $25 fee will be charged to your account.
These shares must then remain in your account until the reorg/tender takes place (be advised that the expiration due date for such actions is often extended). Please contact us if you have any questions.
NO OTHER DETAILS WERE PROVIDED, NOR TIMING OF THE TENDER OFFER
Scottrade Connects Investors with Investment Education at New York User Summit
Online investment firm offers workshop on trading platforms and tips to make better-informed investment decisions
New York, Feb. 5, 2009 – Scottrade, a leading branch-supported online investment firm, is hosting an investing workshop in New York City as part of its customer education initiative. Hundreds of attendees are expected at Scottrade’s User Summit, which will be held on Saturday, Feb. 7 at the New York Marriott Marquis in Times Square.
During the workshop, attendees can network with other investors, learn how to easily manage their accounts, and effectively use the online investing functions and features of Scottrade’s trading platforms. Topics covered at the User Summit will include finding opportunities with stock and exchange-traded fund screeners; placing pre-market and after-hours online trades; using advanced orders; learning the economic calendar for IPOs, earnings and splits; and setting up alerts for account-specific updates.
“Scottrade is focused on providing our customers with information that will help them make better-informed investment decisions,” said Kristin McDougall, Scottrade Customer Education Manager. “We received a tremendous response and positive feedback at a couple previous User Summits in New York. This year, Scottrade has continued expanding our customer education to include branch seminars, our new online Knowledge Center and additional User Summits throughout the country.”
The New York User Summit is one of 24 regional workshops Scottrade is hosting around the country in 2009. Other educational opportunities available in the New York area include smaller branch seminars where attendees can learn about a wide range of topics, including basic order types, options trading and the features and functionality of the Scottrade Trading Web Site. Customers can also visit any of several area Scottrade branches with questions about their accounts or online trading.
More information about Scottrade Investment Education and registration for free local seminars is available at www.scottrade.com/education.
Scottrade Opening Second Lee County, Fla. Branch Office
Online investment firm’s new location provides Cape Coral community with a convenient local resource for service and support
CAPE CORAL, Fla., Feb. 4, 2009 - Scottrade, a leading branch-supported online investment firm, is expanding its branch office network with the opening of its second Lee County location. Scottrade’s new Cape Coral branch, located in the Coral Walk shopping center at 1830 Pine Island Road NE, opens on Monday, Feb. 9.
“While Scottrade has been serving the area through our branch in Fort Myers, an office in Cape Coral will be more convenient for many of our customers living and working on this side of the Caloosahatchee River,” said Ross Brayton, Scottrade branch manager of the Cape Coral office. “Our customers value having a local resource close to home and we are looking forward to serving the Cape Coral Community with their investing needs.”
Scottrade is an online investment firm that provides the tools and research for individuals to make their own investment decisions. The firm does not provide investment advice, but stock brokers are available at branch offices to answer account-related questions, provide customer service and give tutorials on Scottrade’s online trading services.
“We believe it is important to have branch offices where our customers work and live,” said Rodger Riney, Scottrade founder, president and CEO. “While most of our customers trade online, our local offices allow us to provide a better customer experience for online investors.”
The Cape Coral branch office will be Scottrade’s second location in Lee County and its 34th in Florida. Scottrade’s other Lee County branch is located in the Reflection Lakes Commons in Fort Myers.
Scottrade’s new Cape Coral branch office is open Monday through Friday from 8:30 a.m. to 5 p.m. and can be reached at 239-242-0031 . For more information, visit www.scottrade.com.
Scottrade Hosts IT Career Fair to Fill Positions for New Phoenix-Area Data Center
Online investment firm will hire more than 25 IT professionals over three years to support 20,000 square-foot facility
PHOENIX, Jan. 28, 2009 – Scottrade, a leading branch-supported online investment firm, is hosting an Information Technology Career Fair on Tuesday, Feb. 3 from 1 p.m. to 7 p.m. at the Sheraton Phoenix Airport Hotel Tempe. Scottrade recruiters and IT hiring managers will be present at the fair to provide information and answer questions about the company and the positions available.
Scottrade is immediately filling seven to 10 positions, ranging from computer operations supervisor to application support engineer to telecom engineer. The firm plans to hire more than 25 IT professionals over three years to support the facility, which opens this summer.
“Scottrade’s Phoenix-area data center is looking to employ top-notch local talent as we continue to grow our business,” said Scottrade Chief Information Officer Ian Patterson. “Phoenix has a lot of talented IT professionals, and we are looking forward to finding the right candidates to fill these positions.”
As one of Computerworld’s Best Places to Work in IT, Scottrade has been the recipient of several prestigious awards in the last year, including being named to the InformationWeek 500 list of the most innovative users of information technology in the country. FORTUNE magazine also recently recognized Scottrade as one of the “100 Best Places to Work For” in America for the second consecutive year.
For additional information about Scottrade’s Phoenix IT Career Fair, visit www.scottrade.jobs or call 314-965-1555 ext.1180. The Sheraton Phoenix Airport Hotel Tempe is located at 1600 S. 52nd St.
About Scottrade As a leading online investment firm, Scottrade offers a full line of investment products, online trading services and market research tools to help investors take control of their financial future. Scottrade provides customers the convenience of buying many stocks online at just $7 per trade and the support of the largest branch network among online investment firms, with more than 375 nationwide branch offices. Named Highest in Investor Satisfaction by J.D. Power and Associates, Scottrade is dedicated to exceptional customer service and unprecedented value. Scottrade is also one of FORTUNE magazine’s “100 Best Companies to Work For” in America. For more information, visit www.scottrade.com.
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Media Contact: Alexandra T. Holowaty, Scottrade 314-965-1555 x3306 aholowaty@scottrade.com
Hello I have a question regarding scottrade I currently use them for my regular trading account, and I also plan on opening an IRA with them. Are you familiar with the account linking function?
I want to make sure i can trade from both accounts using the same platform! Is it a quick and easy process(to switch between accounts)?
This board is for the open discussion of Scottrade Brokerage & Services.
For more than 25 years, Scottrade has been a leader in the stock brokerage industry. A leader in technology, a leader in customer service and a leader in value. Today at Scottrade, investors have thestock trading tools and servicesthey need to take control of their investing needs. Scottrade is proud to provide premium service anddeeply discounted commissionsto investors of all trading styles and we hope to continue to exceed our customers' expectations by providing the best price, the best service and the best technology.
A REVOLUTIONARY TOOL THAT THINKS AS FAST AS YOU DO.
NASDAQ Velocity® & Forces®is a free tool within the ScottradeELITE® trading platform that measures levels of pre-trade market order activity in real-time.
This tool monitors the NASDAQ trading system and indicates the intensity of trading interest and relative buy versus sell pressure – allowing you to make trading decisions faster and more informed than ever before.
Staying Ahead of the Game. That'sNASDAQ Velocity® & Forces®.
Free tool within ScottradeELITE trading platform
Indicates market direction, momentum and liquidity
See real-time, pre-trade market activity
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Execute your trading strategy before other traders by detecting surges in trading interest
Start making faster, more informed trading decisions with NASDAQ Velocity® & Forces® today.
ScottradeELITE® is making it even easier for you to chart the stocks that interest you:
• New Technical Indicators
Volume Moving Average (VMA) and Average True Range. Volume Moving Average shows the moving average of trading volume instead of price. Average True Range illustrates volatility by taking yesterday’s closing price into consideration if it was outside today’s range. Check out the Volume Moving Average article included in this month’s newsletter for in-depth education regarding VMA.
• Easily Chart Multiple Symbols
You can now view two different chart types in the same window and you can customize the chart for one symbol without affecting other charts in the window.
• New intraday time periods
Two-minute and 13-minute charts are now available to give you more control over how much detail you see.
• Lock crosshairs at any point on a chart
Easily mark a specific point on a chart by locking the crosshairs on the chart. You can now lock crosshairs by right-clicking on the chart and choosing “Lock Crosshair” from the pop-up window or by double clicking to lock the crosshair at its current position.
• Change the color of day break lines
Even if you have customized your chart with a black background, you can still easily see the day break lines by changing the color of the line for easier viewing. To change the color of the day break line, click on “Settings” and then “Configure Chart Visual Settings”.
• View additional study-related information
No need to enlarge the Bar Information window and take up additional screen space – the Bar Information window now has a scroll bar so you can see all the information in a limited space.
ScottradeELITE is fully customizable and offers a wide range of tools and information to help you make educated trading decisions – fast. Are you taking full advantage of all ScottradeELITE has to offer? Learn more about ScottradeELITE with Scottrade’s new Knowledge Center.
Learn from other investors and discuss trading strategies, how to use various research tools or find out how others are reacting to recent market events.
• Help and Education on a Variety of Topics
Help and education on a wide range of topics from investment basics, technical analysis and advanced orders.
Access the Knowledge Center by clicking the Help button at the top of your ScottradeELITE window.
Brokerage Products and Services offered by Scottrade, Inc. - Member FINRA and SIPC. Any specific securities, types of securities, or research tools mentioned or shown are for demonstrative purposes only. Investors should not construe such information as investment advice.
We understand how important information security and privacy are to you. To provide you with greater peace of mind, we developed the Scottrade Online Security Guarantee. Please review the guarantee for important terms and conditions.