Replies to post #743 on Zecco

[Frank0051]

Read my and Janice's posts from about a month ago: what we are showing here is we know there is a pattern of what's being restricted. Zecco, FINRA, DTCC, and the SEC have basically confirmed it. The restrictions are going to start happening sooner or later with non-Penson based brokers. So, want to protect yourself, then don't trade unregistered companies.

[Yosako]

Some naive investors might be still unaware that companies down there are Vegas poker hands which are closer to BSiness than to business. :-D
It's all a friggin' game, but the DTCC guys had to come to ruin it all. Morons.

[crookedneck]

Zecco is pure hogwash! The point is still very clear that Zecco handled this whole situation very badly and regardless what anyone says they had an obligation to warn its clients and didn't. Zecco stuck it to everyone of its clients and now will see many traders leaving them and hopefully enough will so we can send them a message loud and clear!

This isn't the only problem with Zecco either and that is why they were removed from the preferred brokers list. The defense that it is Penson and not Zecco just doesn't hold water. Pure and simple Zecco is a useless broker and why anybody would use them is a real mystery to me.

The funny part is that they think they can keep clients and recruit new ones with this stupid $500 contest and a new trading platform that continues to have its problems. Just plain laughable in my book, wouldn't you agree?

Cheers Mate!