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Re: CorvetteMark post# 19384

Monday, 07/24/2006 5:56:03 PM

Monday, July 24, 2006 5:56:03 PM

Post# of 311063
Let's cut him some slack, Corvette. That is, assuming he quits posting in all caps! It's a legitimate question he has. I asked Scottrade the same question a few months ago and got the most convaluted, obfuscated answer ever. Three people later in that conversation, I had still not spoken to anyone who said, "We do trades through market makers, who, if for any reason fail to deliver real stock to back up your purchase, we will honor the integrity of your account." Now I would have accepted any answer even near that statement. Didn't get it. I'll have to rely on the honesty and reputation of Scottrade when the s*** hits the fan later this week. Oh yeah, there's some SEC rules and regulations about this also. And we ALL know how meticulous the SEC is about enforcing their rules and laws, eh?

Saluting the best Southern "Jam" band... Ever!