Everett

I have been with Everett Financial Management for some years. They ring me up with share tips, and try to persuade me to buy. The tips I have bought in the past include Energy Technique (at 55p, now standing at under 6p), Tamaris (at 70p, now being liquidated), Silver Shield (at 40p, now Ninth Floor at 22p), and most recently Northern Petroleum at 5 3/4p,( now at 2 1/4p). With this latest purchase, almost immediately after buying them, the share price plummetted. After around 3 months, I still had not received the share certificate, so I contacted them. I was told that Everetts had not yet ... more

Commissions have been dropping rapidly since the advent of Internet trading. So, a logical question for a customer is to ask how do the deep discount brokers, such as DLJDirect, E*trade, Schwab, some charging as low as £10 per execution, make any money at all? Take it from me, the cost to provide employees, real time data, clearing, and Super Bowl advertising creates a cost basis more than £10 per trade. The answer can be found in two customs practiced throughout the brokerage industry called "trading against order flow" and "payment for order flow". For instance, take a firm with a big market ... more