UnThreaded | Threaded | Whole Thread (40) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: mac750 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 4956  
Subject: Response from BuyandHold Date: 4/18/2001 7:37 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 34
Here is the response I received via e-mail today from BuyandHold:

Dear Mr. Rosa,

Thank you for contacting BUYandHOLD. I appreciate the opportunity to respond
to your email.

Currently, BUYandHOLD Securities Corporation has approximately 210,000
accounts. We remain highly optimistic about the future of our firm as we are
in discussions with our investors to obtain the additional financing needed
for us to reach profitability. Although this funding has not yet been
attained, these discussions are positive and we are anticipating a positive
response shortly.

In the event of the firm's insolvency, BUYandHOLD Securities Corporation is
a member of SIPC (Securities Investor Protection Corporation). SIPC provides
protection in the event of losses resulting from a brokerage firm's
insolvency or liquidation. SIPC provides protection of up to $500,000
($100,000 of which covers cash balances). If BUYandHOLD Securities
Corporation were ever to become insolvent, each customer's account would be
protected up to $500,000 ($100,000 of which covers cash balances). Customers
would then have the option of either transferring out their shares to an
outside brokerage firm with no additional charge or to have their shares
issued to them in certificate form. You would be notified as soon as
possible if the situation did arise.

We thank you for your continued support and do consider you to be a valued
customer. We look forward to assisting you in reaching your long term
financial goals.

If you should have any further questions, I encourage you to contact me via
email (mdunn@buyandhold.com) or at 1-800-646-8212, Monday through Friday,
8:00 am to 6:00 pm, EST.

Sincerely,

Mary Ellen Dunn

BUYandHOLD Securities Corp.

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (40) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement