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Post# of 358439
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jon_e_og

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jon_e_og

Re: mtman post# 64606

Wednesday, 07/28/2004 12:33:00 PM

Wednesday, July 28, 2004 12:33:00 PM

Post# of 358439
freetrade, which is a division of ameritrade told me that they were responsible for the credited shares in my account, even if a MM has sold me naked short shares...

I've posted the email response a couple times already on this board...

THEY ARE RESPONSIBLE... if they tell you that you have a certain amount of shares in your acct. they are responsible as your broker to acquire the certs and credit your account with the market value of the security when you decide to sell. If they do not then they will be forced to pay via class actions suits, potential litigation from the company, and pressure by the SEC & NASD


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