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Any idea where they get their VIX data from? There data is inaccurate.
<P>Terry S. Smith wrote:
<BLOCKQUOTE TYPE=CITE> <STYLE></STYLE>
<FONT SIZE=-1>1999=1987?</FONT><FONT SIZE=-1>Moore
research center has just done a correlation study of the 1987 market and
the current 1999 market. At 90% correlation it may be worth a look. Check
it out at http://www.mrci.com/special/dj87.htm
and, as always, happy trading.</FONT></BLOCKQUOTE>
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</x-html>From ???@??? Mon Aug 30 23:01:44 1999
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Date: Mon, 30 Aug 1999 23:50:29 -0500
From: THE DOCTOR <droex@xxxxxxxxxxxx>
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To: CalaxCorp@xxxxxxx
CC: realtraders@xxxxxxxxxxxx
Subject: Re: Question on a broker's action ??
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Status:
There is a two part answer here. First and foremost if they want to keep your
business they "return" the error. The letter of the law would vary depending on
which CFTC regulated exchange the "error" occurred on.
The bottom line is they acted like morons and you, obviously, should do business
elsewhere.
CalaxCorp@xxxxxxx wrote:
> Dear RTs'
>
> I have a question on whether a broker firm acted appropriately.
>
> A broker friend joined an IB broker firm (Regal Capital Investments, which
> clears with RB&H Financial Services LP, I was told) so I opened a futures
> trading account with him. I sent in all the papers and opening capital, and
> was given an account number to trade. The broker took the orders for the
> first trades and I went out of town (emergency).
>
> While I was away, the broker called and said one of my orders was filled, but
> since their office notified him there was a signature missing on one of the
> pages of my account application form, the firm exited my trade at MOC on that
> day, and put the profit (several hundred dollars) in an "error account"
> pending receiving a faxed signature on that page from me. However, I did not
> get the phone message until several days later.
>
> I later found out that since they did not received my faxed signature "within
> 24 hours they kept my profit in the "error account" as theirs and refused to
> credit it to my account.
>
> Did the broker firm act correctly or were they fooling me?
>
> Your comments and help are appreciated.
>
> Sincerely,
> Bill
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