With the pressure put on these Brokerage Firms they were forced as you stated to get involved and put something in writing. All this should have been done two months ago.
I got a Letter today and at the end it states We apologize for any frustration this may have caused.
I like this part in your post, what is Scottrade implying?
XXXXXXXXXX claim that Scottrade loaned shares of JPHC to Merrill Lynch is completely false. Scottrade did not loan shares of JPHC to any other brokerage company, including Merrill Lynch. At the time of the merger, Scottrade did have some unsettled JPHC trades pending with Merrill Lynch that we have since settled.
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