Will check that link and start calling around tomorrow.
Yes Moby that is what I am saying. A while ago now, that broker refused to place a sell order I placed at about 3:45pm one day. SP was 0.079 or so from memory (which happened to be the lowest offer tier) albeit only a small number of shares had traded at that price. I wanted out to cover another more profitable trade and placed the order at 0.07, the highest bid. Busy at work so it wasn't until that evening that I realised the trade hadn't gone through (even though it was fully available and would have been completed if they had followed my instruction, as is their job IMO). Share opened the next day at 0.065 (again from memory). Fuming from the ears I called them and after going up a few levels of management got them to agree to take them from me for the 0.07 I had put the order in for and to not charge me brokerage. In fairness they did this, but I have been stopped from placing other trades since then also. Now I am just fed up with it so want to let my wallet do the talking and give my brokerage to a house that respects retail traders as valuable clients.
Talk about manipulating market prices. By not letting the marginal seller/buyer sell/buy they are manipulating the market price of the share. It is anathema to orderly conduct to do this IMO.
Perhaps I will call e*trade first before going to more expensive full service brokers. If what you say is correct they have a wider band within which they follow their clients instructions.
