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BRAVO
-----Original Message-----
From: Jim Hill <ender5@xxxxxxxxxx>
To: 'JMB' <traderguy@xxxxxxx>; omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Saturday, June 20, 1998 5:54 PM
Subject: RE: Advantage Trading Group
>I've been a client of Advantage for some time now and when their phones
>started being forwarded to LFG I was definitely curious about the
>situation. Advantage is under investigation for the method they were
>capitalizing their corporation via investors. They are NOT under
>investigation for any wrong doing regarding customer accounts.
>
>They had their hearing on last Tuesday with a verdict possible on Wed. As
>of Thursday ( I didn't check on Friday) the jury was still out. I'm told
>this is a possibly good sign for Advantage because an open a shut case is
>usually decided in one day.
>
>The transfer to LFG has been remarkably smooth. I know this has taken a
>lot of work on their part. But LFG has been calling me back with all my
>fills and their order desk is very professionally run. This "bad"
>situation has proven IMHO that the system can work. As soon as LFG found
>out about Advantage, they quickly moved in and performed their fiduciary
>responsibilities. This bad situation does have a happy ending for the end
>user. Bravo LFG!!!
>
>jim hill
>
>-----Original Message-----
>From: JMB [SMTP:traderguy@xxxxxxx]
>Sent: Friday, June 19, 1998 10:15 AM
>To: omega-list@xxxxxxxxxx
>Subject: Re: Advantage Trading Group
>
>On Thu, 18 Jun 1998 20:11:08 -0700, you wrote:
>
>>Does anyone know what has happened to Advantage? All their phones have
>been
>>disconnected.
>>
>>Thanks,
>>Kim.
>
>
>Kim,
>
>Several months ago I posted a message that "I was looking for an LFG /
>LEO-WEB Broker."
>
>I got a tremendous response from "Omega Listers", with a large
>percentage of people who said they used.... Advantage Trading Group!
>I mean a LOT!!
>
>I didn't go with them, because "they seemed too good to be true", if
>you know what I mean! You know... one of those famous sayings your
>mother used to tell you!
>
>
>Actually, my concern about this situation would be a hypothetical
>question regarding IB's in general for those who may know?:
>
>1) IF an IB were to "go belly up", what would happen to their
>clients' accounts? Both short & long term??
>
>2) Could those clients be harmed financially??
>
>
>Needless to say, I feel sorry for ALL those "clients", that may be or
>could be "burned" if something "terrible" were to happen to this or
>any other broker!
>
>
>
>PS. YES, I did FIND a broker that I am extremely happy with, so
>please NO BROKER RESPONSES TO THIS MESSAGE, Thanks!
>
>JMB
>TraderGuy@xxxxxxx
>
>
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