Replies to post #53 on Lehman Bros 7.25% Pref''d Series P (fka LEHPQ)

[GoPhins]

From what I read on the SEC website is that whenever a tender offer is made the bidder if owning more than 5% of the company shares is under strict guidelines to identify itself as the buyer unless it was a mini-tender offer (which this is not) the bidder does not have to identify itself and the seller is more vunerable to fraudulent deals. Maybe scottrade just goes above and beyond for their customers as far as notifying them if tender offers are made because one poster stated that when he asked his broker td ameritrade about the tender offer they did say their was one on the table.

[sf]

scottrade's owner is on the board of NITE!