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Tuesday, June 07, 2011 4:09:42 PM
"The security you were attempting to trade is ineligible for electronic transfer through DTC. We have rejected your open order because we want to ensure you are fully aware of the fees associated with settling trades by way of physical delivery. However, the fees associated with such a transaction are estimated to range from $200 - $700 per trade along with any transfer agent fees. These fees do not financially benefit Zecco Trading; they are strictly pass-through fees for the cost of settlement. Unfortunately, our clearing firm will no longer absorb these fees, but the security can be traded over the phone."
Can you believe that?
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