GREY:AVNDF - Post by User
Comment by
jjeerryyon Apr 04, 2013 11:43am
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Post# 21210714
RE: Just Talked To Investor Relations
RE: Just Talked To Investor Relations There is an added different problem with us who are with brokers in Canacian banks. I had been with eTrade and had settlement cash on settlement day in my account. Since Scotia bought out the Canadian arm of eTrade and turned it into iTrade I now get my settlement cash the DAY AFTER SETTLEMENT DATE. I'd think my conversion will show tomorrrow or late this evening. I contend it should have shown immediately this morning.
I suspect this is illegal but never have got around to contacting the regulating body to formally complain. If eTrade gave it to me legally on settlement day why does a bank after buying them out get to give me it the day after settlement day. They tell me it is their banking ruling.
I say I signed on with a broker to trade not a bank and settlement day is settlement day, not the day after. Why do they think because they buy out a broker they can change the rules?