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I have a software from Credit Suisse, enables me to wire money from my
account directly using
a digital signature key. I can also do currency-switching, and other things
to manage my account.
I wire money from it sometimes back to the USA.
Brokers like this are pathetic. I once lived in another state, and had this
massive check waiting
for me in another state. He said he would SEND me the check, not wire it.
I told him, no, I will
come pick it up. I fly out and get there in four hours. When I get to my
broker, guess what he
tells me?
"It was accidently sent out in the mail"
If it was a computer I requested this from, it would have been wired. The
benefits of SWISS
banking. Everything is automated and clean, and if you ever need to go
voice with them,
even if you want to close your account, it is IMMEDIATE response.
----- Original Message -----
From: "Phil Lane" <patterntrader@xxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Sunday, May 21, 2000 5:25 AM
Subject: lame broker alert - the final chapter
> Freeman Welwood - a Seattle-area stock broker. Don't bother opening an
> account. I will be closing mine.
>
> Last Friday I asked them to wire some money to my futures account. Monday
> the guy called back and needed to clarify the wiring instructions.
Wednesday
> he called and said it still hadn't gone out, it was their policy "not to
> wire funds to other brokerage accounts".
>
> It's a pathetic attempt not to encourage competition. Too bad they were
too
> stupid to realize it was a
> FUTURES broker anyway. They told me I could pick up a check and have the
> bank wire it!! By then it would have been Thursday.
>
> I went nonlinear. What if I'd had a margin call????? Naturally there was
no
> mention of this or any other of their obnoxious policies in the account
> documents. I finally got them to send the wire after several extremely
> agitated phone calls. But the guy insisted it was "just this once".
>
> I'll probably just close out the rest of the account so they won't have to
> do me any more special favors. This maggot company can rot in hell as far
as
> I'm concerned.
>
> rgds phil
>
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