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Re: Screwed by IB



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In a message dated 4/27/03 6:14:00 AM Pacific Daylight Time, 
jhsnowden@xxxxxxx writes:

<< Blitz,
 
 I was a stock broker for nine years.  It is much easier to mail a
 check.  Transferring an account involves lots of paperwork and time.
 Any time you have cash in an account have them mail it to you or wire
 it to you.  I'm not saying you are wrong but simply ignorant.  I would
 consider it an expensive lesson and move on.
 
 Jimmy >>

Amen to that.  He could have saved himself $80 and us a thread on a "bitch" 
post if he'd at least done his 'due diligence' up front and ASKED about any 
possible fees BEFORE he took action.  The wire transfer alone (from anyplace) 
would definitely involve a fee. I haven't done a 'wire' in a few years but as 
I recall the fee then was about $20.  I also think  he was implying that the 
broker was charging him $80 as a 'mad at him'  punishment fee.  In fact, 
given this fellow's attitude toward an $80 'event', I suspect his 'friendly 
broker' was happy  to hand him over to somebody else. :)

Lee Scharpen