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Raymond James Financial, Inc. Message Board

  • andthepoint andthepoint Sep 27, 2008 10:27 AM Flag

    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.

    Interesting right may not be on Monday.

    Anyone else have any problems?

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