Checking Clearing Firm

Discussion in 'Retail Brokers' started by agras01, Oct 21, 2003.

  1. agras01



    I just oppened a relail account with a brockerage firm and I am ready to sent considerable amount of money to their Clearance Firm.

    How can I check them am out, especially their clearance firm?
    What is the regulatory authority that passes informations to prospective retail account owners?

    I assume it is a branch of SIPC or SEC, but I am sure there are match more knowledgable folks out there than I am, that would guide me..

    I would appreciate any relative information


  2. go to
    run a check on the discilinary disclosures...or go to the celaring firm web site:

    ect.....they should have all that info there...what clearing firm are you looking at?
  3. agras01



    Computer Clearing Services, Inc.


  4. I think they have 2 million in excess SIPC coverage.
  5. Nordic


    Do all MB Salesmen know these stats?

    Elite Member

    Registered: Oct 2002
    Posts: 2828

    07-17-03 05:28 PM

    MB Trading's highly trained representatives are available to answer any questions you may have from 8:30am to 6:00pm EST on any regular trading day (see our one hour email guarantee). Our professionally staffed trade desk does not have an automated answering system or time consuming phone menus and is available from 7:30am to 8:00pm EST.

    MB Trading
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  6. jorges


    Which broker you going with ?
  7. jorges



  8. I posted that as a reply to some poster claiming he had no idea how to get in touch with MB....for some reason, there are two posters who insist im working for MB trading.......why?? because i said kind words about them....But if you check my prior posts Ive said kind things about Redwood, Point Direx , Instaquote and Neovest......But if you want to continue portraying me as a salesmen for MB....Fine...but i have no affiliation with MB now or ever and do not have any current affiliation with the other firms...although I am VERY biased toward XOOM TRADE and would encourage everyone to try the platinum simulator:D
  9. jorges


    Thanks for the clarification.