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Jackroch

08/12/11 2:30 AM

#4399 RE: phrantic #4392

At the time I did not want to disclose the broker because it was connected to an unexecuted trade and I wanted all the data before I said anything.

I also think it is none of your business who I am or what companies I use for brokerage or what stocks I own and how many shares. It's called the internet and its anonymous. Maybe I work for NITE and I hate my job so I complain about NITE a lot (actually no, not at all but I can say whatever I want here - last time I checked it was still a free country even if less free than it used to be).

As it turned out, this broker explained the unexecuted trade was due to a system problem with Penson. I received a formal apology from a representative of the broker and my trade was executed the next day. I also later found out there is no specific time requirement to execute a trade although market makers must report how long it takes to execute their trades, per FINRA rules.

I have 2 brokers. Scottrade and Noble. And the problem I had a few months ago was with Noble but I have had no problem with them before or since and I highly recommend Noble trading to all.

In fact, anyone interested in investing in TEVE should consider opening a Noble account. You can ask them to purchase shares from a specific market maker and bypass NITE. I bought a crapload of shares through AUTO but now AUTO is nowhere to be found on this stock, Bid or Ask size. Because AUTO got smart and realized you cannot sell what you don't have. NITE hasn't learned that lesson yet but he will.