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Nonsense
Your broker is giving you an alibi for a fouled up order.
It is only a house rule that may demand limit orders in certain stocks. e.g.
in new issues due to clients being burnt by 100 point runups on openings.
If you are trading on the NYSE, market orders are good orders. It sounds to
me that your broker owes you a proper execution.
I guess I should add, "in my opinion" but I've got 33 years in the business.
Good luck,
Manning Stoller
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