Saturday, November 17, 2007

Email from Tradeking

I got this email from Tradeking, a $5.95 broker that does my option trades. I guess the E-trade thing bugged out all the customers.

Dear Investor:
Due to the effect the sub-prime mortgage fallout has had on one of the larger online brokers, some investors have asked us if we're at risk for similar problems. The answer is a resounding "No."
TradeKing does not invest in any mortgage-related securities, including sub-prime mortgages.

If you're concerned about an account you hold with another broker, perhaps you should consider consolidating your assets with TradeKing. We'll even reimburse any account transfer fees your other broker may slap on you between now and December 31, 2007.

Here is the E-trade link -
'We are concerned that future liquidity could be strained and funding at the bank could weaken,' S&P said.

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