Wise Investments

[walkingmoney]

Wise: I use e-trade and when we were all in CMIH I had a sell go through for 10 times the amount it was really trading for at the time. The MM didn't catch it until the next day and tried to void it out through e-trade. I got the MM's phone # and called them to tell them I would hold them to that transaction and with the amout of trading I was doing then e-trade also told them to honer the sell because it had been 24 hours after the fact. As far as the SEC rules state they have I think 36 hours that they can recind a trade on a buy or sell due to a mistake by the MM which happens often if they punch the wrong key. As far as the buyer, If there is a mistake punched in by him and not caught right away then he has little recource to get his money back. The Sec knows mistakes are made and they protect the MM's more than the public on mistakes. Bottom line is, I don't think you have much recourse the way the rules are now, but also depends on the situation of your trade. Walk