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Kamaaina

09/01/10 12:13 PM

#70962 RE: gettingrich #70956

I have both Scottrade and Etrade. Scottrade has blocked me from making trades numerous times. I opened my etrade account as a result of this.
If you research Roger Riney you will see what PTR has suggested. It is a rather incestuous relationship between Roger Riney of Scottrade and Nite. Etrade is its own MM. Both have a fiduciary responsibility to their customers yet only etrade seems to act on the behalf of theirs.
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PennyTradingRules

09/01/10 2:13 PM

#71035 RE: gettingrich #70956

What I am saying is that NITE takes more risk by selling more
naked short shares than ETMM. Thus, when they (NITE) find
themselves in a bind (overshort), they call Scottrade and other
BDs that use them and ask them to bend over and lower their
panties by putting a BUY trading restriction so that NITE can
manipulate the stock and cover the short before it takes off to
much higher levels. It is illegal and they need to be called out
on this and hope the government steps in to stop this crime. All
the government does to protect shareholders is fine these MMs.
IMO, the feds are being paid off to look the other way as these
MMs and BDs steal retail investor monies. We all should raise a
real stink with the government.

If you do not believe what I am saying, please feel free to
visit the following link which explains it in much more detail:
http://www.businessjive.com/