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At 01:05 PM 3/19/99 -0600, charles meyer wrote: >>>>
Group:
I'm a bit calmer now, especially after getting my message to the portfolio manager at Strong Funds that he is not honorable and cannot be trusted. I placed an order yesterday afternoon. Then, after the market closed one of the supervisors called me back this morning saying the portfolio manager would not accept my order for frequent trading. Do I have any recorse ex- cept from becoming irate and venting. Now, that is not a recourse only venting--but I certainly feel better. I told them that Wall Street was based on 'your word is your bond' and they should have told me my money was restricted BEFORE I tried to trade and that they were screwing with my money. Thanks for listening and allowing me to vent.
Charles
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Charles, is the "frequent trading" rule a new rule implemented without advising you AFTER you'd already given them your money? Or was it an existing rule in place BEFORE you gave them your money?
If it was an existing rule, and you didn't bother to understand the rules, then the fund manager is not going to take much interest in what you have to say.
Either way, you've learned another aspect of fund trading!
-Neal.
----------------- Neal on the 'net. Trade well. Train hard. http://www.halcyon.com/neal/
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