Gman, they are pretty clear about "ACH" transfers which are subject to a three (business day) hold for stocks and only stocks under $4.00. Anything above and which doesn't show up with a certain MM who happens to be on the board of ST, to the best of my knowledge and according to different sources, one can trade with no problem.
This is the only time and I have asked bankers, other online trading companies as well as professional financial managers about this and they said the same thing although and this coincides with actual experiences I have had with them, if there is "something" odd about the way an equity is trading they outright halt, suspend or freeze any related activity until they get clarification from the sec.
But to execute over 20 wire trasfers in exactly the same manner with exactly the same information (comparing copies of previous transfers) at the same finacial institution, one day and coincidentally on a day with low pps on low volume, see the money get transferred (which is usually in play worst case scenario 2 hrs after confirmation) and also which is almost instantaneous, show up at the otherbank and sit for a few minutes and then GET WIRED back to our bank minus a transfer charge, is really odd.
Later after being peeled from the ceiling I was told letter appeared to be in small case when it should have been in CAPS but actually wasn't!!!
After again being peeled from the ceiling I was then given credit for my entire transfer amount after the funds trundled back to the trading accounts bank and also was not charged the customary $20.00 wire transfer fee.
Today is something completely different. After doing an ach transfer on Wednesday and watching the funds leave my bank and show as arrived at the traders bank only to sit there and the exactly 72 hrs (3 business days) open my account and see simply a single "deposit" for the exact amount that left the bank on Wednesday!!
I wish I had the capability to learn who picked up those shares this morning. It sure would be nice to know before I put the finishing touches on my letter of disappointment and notice of transfer to another account subject to wifey poh’s approval of course. This really ticks me off as I actually liked them otherwise! Once someone is dishonest with me after they establish a pretty high level of integrity, how can they ever be trusted especially when they are given the chance to simply tell the truth or have the courage and ethical desire to tell a customer, “ sorry but if you don’t like it there’s the door.” I could live with that but not a cowardly “snivel feast.” Has anyone used of heard of “Zeddo” I think I I have heard people give good opinions of?
TIA and
JMO,
Nez
Any society that would give up a little liberty to gain a little security will deserve neither and lose both.
Benjamin Franklin
AI
