[quote=brotha_k]

you should be congratulating me on getting my intervweiw.  [/quote]

Why?  Because you have a pulse and some commissioned recruiter is throwing you at them to see if you can make it past the first interview?

Try Morgan Stanley.

If a simpleton like Put/Big Easy/NASD Newbie can make it there as a middle manager, there's no telling what lofty office you can attain!

phil,

be positive. where do you work? what brokerager firm? a large whirehouse or a regional?

thanks

I'm a mid-level executive at a large firm.

I'm the night manager at Circle K.

what kind of large firm? i dont get the circle k thing.

[quote=brotha_k]

 i dont get the circle k thing.

[/quote]

But I do, and that's what's important.

I crack me up!

Come people, use the big "shift" keys at your right and your left.  Use your pinky fingers. How effing hard can that be? (Ok really hard right now for me.. but it has been a long hot hot hot day)

By the way here are a few ''''' and ,,,,, and :::: and;;;; just for good measure.  Also some <> just for fun. Throw these into the mix.

Alrighty tthenn....... too much fun with alcohol tonight.  But seriously learn to type, to spell and to punctuate.   It will do you good.

[quote=brotha_k]

i have a intervweiw with merrill lynch and all you guys do is rip on me about my spelling.  i don't have to not capitalize the beginng of my sentences either.  also, it doesn't matter not where i put my prepositions at.

you should be congratulating me on getting my intervweiw.  be positve.

[/quote]

PM the Inedible Hulk--- he kould helped you alot.

[quote=Philo Kvetch]

Try Morgan Stanley.

If a simpleton like Put/Big Easy/NASD Newbie can make it there as a middle manager, there's no telling what lofty office you can attain!

[/quote]

Pls tell me there's no truth to the rumor that Put was once at MS. I can only hope that it was long enough ago that it was DW at the time...

[quote=mikebutler222][quote=Philo Kvetch]

Try Morgan Stanley.

If a simpleton like Put/Big Easy/NASD Newbie can make it there as a middle manager, there's no telling what lofty office you can attain!

[/quote]

Pls tell me there's no truth to the rumor that Put was once at MS. I can only hope that it was long enough ago that it was DW at the time...

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NASD Newbie -

I believe the rep has to manually journal the $ to cover the debit.

If it is not, I believe the margin interest continues to be charged

while client cash sits there.

[quote=midtown]NASD Newbie -
I believe the rep has to manually journal the $ to cover the debit.
If it is not, I believe the margin interest continues to be charged
while client cash sits there.
[/quote]

Do credit balances automatically sweep into the client's money market fund, or does that have to be done manually too?

[quote=NASD Newbie]

[quote=midtown]NASD Newbie -
I believe the rep has to manually journal the $ to cover the debit.
If it is not, I believe the margin interest continues to be charged
while client cash sits there.
[/quote]

Do credit balances automatically sweep into the client's money market fund, or does that have to be done manually too?

[/quote]

As I recall the rep does have to manually journal to cover the margin debit but credit balances (dividends and interest not reinvested into the initial investment) automatically sweep into the money market account.  I was unpleasantly surprised to find out that we had to manually transfer the money.

Is that what you were asking?

[quote=babbling looney][quote=NASD Newbie]

[quote=midtown]NASD Newbie -
I believe the rep has to manually journal the $ to cover the debit.
If it is not, I believe the margin interest continues to be charged
while client cash sits there.
[/quote]

Do credit balances automatically sweep into the client's money market fund, or does that have to be done manually too?

[/quote]

As I recall the rep does have to manually journal to cover the margin debit but credit balances (dividends and interest not reinvested into the initial investment) automatically sweep into the money market account.  I was unpleasantly surprised to find out that we had to manually transfer the money.

Is that what you were asking?

[/quote]

Back in the dark ages nothing happened auomatically and the firms required the brokers to put in a request for a journal entry in order to move money around within the various accounts--cash, margin, money market.

Naturally this caused problems when it wasn't done--especially bothersome was the free credits sitting in a cash account.  Clients would whine incessantly about money sitting in a cash account.

So the systems were programmed to do automatic sweeps.

It is my opinion that if a firm allows a debit to exist when there is money to pay it off in a moneymarket fund that firm is guilty of a minor case of fraud.

I cannot imagine any firm running that chance these days.