Anyone Having Problems Withdrawing Money Market Funds?
A week and a half ago (9/17/08) I requested that my broker transfer funds from my Raymond James money market fund to my bank. I received 75% of it. The balance remained in Raymond James.
I emailed my broker 2 days ago and he quickly replied that he will get it done ASAP and that the remaining funds were in a higher interest rate instrument that has a 7 day maturity and he expected it that day (Thursday).
Yesterday, on Friday, I heard nothing from my broker nor did the remaining funds arrive.
I am very good friends with my broker and have not made a big deal about it. I emailed him yesterday morning and never recieved a reply.