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Keryx Biopharmaceuticals Inc. Message Board

  • mrfuji70 mrfuji70 Nov 25, 2012 11:57 AM Flag

    Any Idea How This Trade Was Allowed to Execute?

    I checked my e-trade account on last Wednesday and was looking at my trade confirmations vs. my blocks of shares and noticed something wrong. On 10/24 I purchased an additional 500 shares at $2.55 using a limit purchase for a total of $1275 minus commission. The trade was executed and confirmed so I didn't worry about. When I looked at my blocks on Wednesday I noticed that this particular block of shares--as they existed in my account--show as 500 shares purchased on 10/24 at $3.37 for $1685. Never mind that KERX hasn't seen $3.37 in quite some time. I've contacted etrade via e-mail but have not yet gotten a response. Technically, my account is down a slightly more than it should be. Any idea how this can happen when the trade was executed and confirmed at my $2.55 bid? How can a trade be confirmed and executed for more money than I had available at the time in my account? I don't even a margin account--strictly cash. Thanks.

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