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Path: utzoo!watmath!clyde!burl!ulysses!allegra!princeton!tilt!stern
From: stern@tilt.FUN
Newsgroups: net.invest
Subject: Rose&Co Problems
Message-ID: <13000001@tilt.FUN>
Date: Wed, 18-Sep-85 14:39:00 EDT
Article-I.D.: tilt.13000001
Posted: Wed Sep 18 14:39:00 1985
Date-Received: Fri, 20-Sep-85 04:04:12 EDT
Organization: The Official Fun Machine of Princeton University EECS
Lines: 17
Nf-ID: #N:tilt:13000001:000:921
Nf-From: tilt!stern    Sep 18 14:39:00 1985

I just finished talking to the fun people at Rose & Company Brokerage, and
it appears that they have a "problem" with their interest payments.

I had noticed that there was no interest credited to my account for nearly
three months, although I had met their requirements for receiving interest
payments (more than 1,000 held for more than 1 week).  After calling various
desk-types, I finally spoke with the head of the Margin Department, who
informed me that this problem (no interest) had appeared with several other
accounts, and that they were now in the process of straightening it out.
He mentioned that the problem could have affected "several hundred" accounts.

So: if you have an account with them, check to make sure they are giving
you your due.  They said that they will find the problem accounts by checking
all of their records, but this could take some time.  

--Hal Stern
  ihnp4!princeton!flakey!stern


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