1) If a position is held overnight with a stop put in, is there a way that your firm (prop firm) can "wipe out" the stop after the market closes? I came in one day to find my stops were no longer in place and was told that they needed to be replaced. In thinking about it now, I can not imagine how my broker contacted the floor after 4:00 to take my stop out, which I assume is on the specialists book. Unless, of course, the stop never got there to begin with. 2) While I should know this, I realized that perhaps I don't fully understand something. In direct access and with prop firms, how "direct" are your orders. In other word, is a person from the clearing firm or broker (or if they are the same) actually handling your order at all or is it going directly to the specialist. Same question for direct plus which should be automatically executed. 3a) A buy stop is entered and it is OBVIOUSLY the wrong price. Say 38.80 instead of 388. Specialist receives when the price is 380. I say that the specialist will execute the buy stop immediately. My friend says that it will not be executed and if come back from lunch and the stock is at 400, you are out of luck. Does anyone have an OFFICIAL rule on this. 3b)Trader claims that there is no way that he put in 38.80. First, could broker have assumed it was 38.80 and it be the one who screwed up (if order went their first). If so, how can this be challenged. 4) With traditional accounts, one gets confirmation statements. If there is ultimately a major dispute, can one demand some form of same from the clearinghouse/broker? Thanks.