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Sep 12, 2006 11:21 pm

Made my first transaction today: sold 20 shares of Dell and the person was then nice enough to close her account so she could open a new one with me (wtf?).


I then got bum rushed and had my tie cut in half

Sep 12, 2006 11:59 pm

 some of us have not hit production yet....  u r joking about the tie thing?? 

Sep 13, 2006 12:18 am

And you've been giving you're opinion for months

Sep 13, 2006 12:21 am
anabuhabkuss:

Made my first transaction today: sold 20 shares of Dell and the person was then nice enough to close her account so she could open a new one with me (wtf?).


I then got bum rushed and had my tie cut in half



How much was your first commission?

Sep 13, 2006 1:21 am

You should be shorting Dell...

Sep 13, 2006 8:56 am
bankrep1:

And you've been giving you're opinion for months


nothing production related...


Yes the tie thing is no joke! How could I make that up?

Sep 13, 2006 8:57 am

oh and today I'm about to rollover my first 401k. I should have bought some pants from Wal-Mart.

Sep 13, 2006 9:16 am

My first client was my Mother who wanted to buy some municipal bonds.


I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.


My Mother paid around $3,700 for them including $200 in gross for me.


Nobody cut my tie in half.  That was a great day.  I love this business.

Sep 13, 2006 9:22 am
P G D M:

My first client was my Mother who wanted to buy some municipal bonds.


I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.


My Mother paid around $3,700 for them including $200 in gross for me.


Nobody cut my tie in half.  That was a great day.  I love this business.



Wow! Nice bonds! 5.7% to the broker. It's unheard of. That's why I don't believe you.

Sep 13, 2006 9:36 am
knucklehead:
P G D M:

My first client was my Mother who wanted to buy some municipal bonds.


I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.


My Mother paid around $3,700 for them including $200 in gross for me.


Nobody cut my tie in half.  That was a great day.  I love this business.



Wow! Nice bonds! 5.7% to the broker. It's unheard of. That's why I don't believe you.



It was an odd lot.  When you sell odd lots you are allowed a larger commission. 


Plus my Mother did not object.  I think she would have paid a price that include $300 but I do not believe the firm would have allowed it even though it was an odd lot.

Sep 13, 2006 10:50 am
P G D M:
knucklehead:
P G D M:

My first client was my Mother who wanted to buy some municipal bonds.


I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.


My Mother paid around $3,700 for them including $200 in gross for me.


Nobody cut my tie in half.  That was a great day.  I love this business.



Wow! Nice bonds! 5.7% to the broker. It's unheard of. That's why I don't believe you.



It was an odd lot.  When you sell odd lots you are allowed a larger commission. 



What sort of bucketshop are you at where there's such a thing as a 5.7% YTB?

Sep 13, 2006 11:04 am
mikebutler222:
P G D M:
knucklehead:
P G D M:

My first client was my Mother who wanted to buy some municipal bonds.


I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.


My Mother paid around $3,700 for them including $200 in gross for me.


Nobody cut my tie in half.  That was a great day.  I love this business.



Wow! Nice bonds! 5.7% to the broker. It's unheard of. That's why I don't believe you.



It was an odd lot.  When you sell odd lots you are allowed a larger commission. 



What sort of bucketshop are you at where there's such a thing as a 5.7% YTB?



It was an odd lot. The 5% thing is a guideline and if the firm can explain why they charged more than 5% the NASD will normally allow it.


My manager arranged the trade, the client was a related account and the customer did not complain.


My mother paid $200.  5% would have been a bit more than $175.  It is not an issue.  As I said I could have charged $3,800 for the bonds and it would have been OK with the client.

Sep 13, 2006 11:15 am

You charged your mother a commision


You must work in a wire house and they are teaching you that it is all about you and the firm getting paid and screwing the client! Even your own mother!    

Sep 13, 2006 11:18 am
Greenbacks:

You charged your mother a commision


You must work in a wire house and they are teaching you that it is all about you and the firm getting paid and screwing the client! Even your own mother!    



My mother wanted to pay a commission, she would have paid even more if it would make me look good in my boss's opinion.

Sep 13, 2006 11:44 am
P G D M:
Greenbacks:

You charged your mother a commision


You must work in a wire house and they are teaching you that it is all about you and the firm getting paid and screwing the client! Even your own mother!    


My mother wanted to pay a commission, she would have paid even more if it would make me look good in my boss's opinion.



If a customer voluntarily pays you more, it's called a tip.

Enjoy it, because it's your last one.

No manager will be impressed because you sold an odd lot of bonds to your mother.  Focus on producing with new clients.

Sep 13, 2006 11:51 am
P G D M:
mikebutler222:
P G D M:
knucklehead:
P G D M:

My first client was my Mother who wanted to buy some municipal bonds.


I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.


My Mother paid around $3,700 for them including $200 in gross for me.


Nobody cut my tie in half.  That was a great day.  I love this business.



Wow! Nice bonds! 5.7% to the broker. It's unheard of. That's why I don't believe you.



It was an odd lot.  When you sell odd lots you are allowed a larger commission. 



What sort of bucketshop are you at where there's such a thing as a 5.7% YTB?



It was an odd lot. The 5% thing is a guideline and if the firm can explain why they charged more than 5% the NASD will normally allow it.


My manager arranged the trade, the client was a related account and the customer did not complain.



None of those comments change the fact that it's a low rent outfit that would allow a 5.7% YTB......

Sep 13, 2006 11:52 am

My manager arranged the trade, it was a year ago.


I have been doing what the manager asks me to do and she is very happy with me.


So is my mother.

Sep 13, 2006 11:52 am
Greenbacks:

You charged your mother a commision


You must work in a wire house and they are teaching you that it is all about you and the firm getting paid and screwing the client! Even your own mother!    



I'm not aware of any wirehouses that would allow 5.7%....

Sep 13, 2006 11:55 am
mikebutler222:

None of those comments change the fact that it's a low rent outfit that would allow a 5.7% YTB......


The low rent outfit is UBS and the amount of money you are complaining about is less than $25, the manager specifically approved the trade and the charge, and the customer did not complain.


Don't be jealous because you don't have a mother with $3,700.

Sep 13, 2006 11:58 am
P G D M:
mikebutler222:

None of those comments change the fact that it's a low rent outfit that would allow a 5.7% YTB......


The low rent outfit is UBS and the amount of money you are complaining about is less than $25, the manager specifically approved the trade and the charge, and the customer did not complain.


Don't be jealous because you don't have a mother with $3,700.




Great, I just read the other thread....



Geezze, Putsy, seek professional help...