churn beneath the radar of most, page-15

Scorpion,

Where is there any evidence that UBS clients have enormous broker credit?

The UBS nominee account holds about 13,000 CDU at the end of August and the Warbont account just 2000 shares. Hardly an enormous line of credit! In fact its just $30,000 waiting to get paid by clients buying T+3.

Thats a pretty small amount considering the volume of shares traded near the end of August.

I am a pretty ordinary share trader and I can certainly buy CDU online and settle in 3 days. I have never had to put cash up front before entering an order. Cant you do that?