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to_profit

05/06/07 4:11 PM

#21023 RE: prado #21018

Prado:

It's more than "Wierd!!" I agree 100%
A broker should deal with TA directly to confirm the trades etc. This is how I understand the trading model. That's why we have three-day settlement time to get our trades confirmed by the TA.


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Minnesinger

05/06/07 4:43 PM

#21026 RE: prado #21018

A distinction needs to be made between...

speaking to a broker and speaking with your brokerage.

When you speak with your brokerage, 99% of the time your speaking with one of their customer service reps. These reps are kids fresh out of school with BAs and little else - not even a Series 7. Their only real knowledge is what appears on their screen from their menu of ready-made responses. They access the same information services which we have access to (albeit on their in-house platform), and, as has recently been demonstrated, that info can be obsolete, dated, or incomplete.


Now, speaking with a broker is a different matter altogether. Likely, this is someone with access to proprietary information, and, ideally, has the knowledge and experience to know how the game is played in an applied manner, not simply theoretical. This person would (hopefully) have the means and know-how to ask the right questions of the right people to get real answers. I'm not saying all brokers do, but the good ones should.

Perhaps someone who has an active, ongoing rapport with their broker can press them for an honest to goodness answer.

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BethanyMAnderson

05/06/07 8:10 PM

#21066 RE: prado #21018

Someone in our office called earlier this week, and it was still Select.