Comments on: Zecco to Limit Free Trades in 2008 http://www.bargaineering.com/articles/zecco-to-limit-free-trades-in-2008.html personal finance blog with anecdotes, advice and commentary. Sun, 12 Feb 2012 22:21:00 +0000 hourly 1 By: Ryan http://www.bargaineering.com/articles/zecco-to-limit-free-trades-in-2008.html/comment-page-1#comment-165030 Ryan Wed, 10 Oct 2007 05:37:48 +0000 http://www.bargaineering.com/articles/zecco-to-limit-free-trades-in-2008.html#comment-165030 If you don't like the new restricted policies let Zecco know, sign the petition: http://www.petitiononline.com/zecco/ If you don’t like the new restricted policies let Zecco know, sign the petition: http://www.petitiononline.com/zecco/

]]> By: Nathan http://www.bargaineering.com/articles/zecco-to-limit-free-trades-in-2008.html/comment-page-1#comment-162739 Nathan Fri, 05 Oct 2007 02:46:57 +0000 http://www.bargaineering.com/articles/zecco-to-limit-free-trades-in-2008.html#comment-162739 I think Zecco has made a terrible mistake with this decision. They have alienated the customers that made them what they are. Some have even accused them of deceptive and misleading advertising practices, after all the CEO himself assured everyone on his CNBC interview, that the business was sustainable while maintaining the free trade structure. Didn't they say Zecco stood for "Zero cost commissions" or something? So far I've heard nothing but bad press on Zecco, I suppose we'll see. I think Zecco has made a terrible mistake with this decision. They have alienated the customers that made them what they are. Some have even accused them of deceptive and misleading advertising practices, after all the CEO himself assured everyone on his CNBC interview, that the business was sustainable while maintaining the free trade structure. Didn’t they say Zecco stood for “Zero cost commissions” or something? So far I’ve heard nothing but bad press on Zecco, I suppose we’ll see.

]]> By: Ron http://www.bargaineering.com/articles/zecco-to-limit-free-trades-in-2008.html/comment-page-1#comment-162074 Ron Wed, 03 Oct 2007 18:12:17 +0000 http://www.bargaineering.com/articles/zecco-to-limit-free-trades-in-2008.html#comment-162074 Yes, that's total holdings. This has been answered on zecco forums. Yes, that’s total holdings. This has been answered on zecco forums.

]]> By: Jason R http://www.bargaineering.com/articles/zecco-to-limit-free-trades-in-2008.html/comment-page-1#comment-161962 Jason R Wed, 03 Oct 2007 11:59:28 +0000 http://www.bargaineering.com/articles/zecco-to-limit-free-trades-in-2008.html#comment-161962 The $2,500, that's total holdings in the account. Not free cash. Right? The $2,500, that’s total holdings in the account. Not free cash. Right?

]]> By: Jay Zimmerman http://www.bargaineering.com/articles/zecco-to-limit-free-trades-in-2008.html/comment-page-1#comment-161629 Jay Zimmerman Tue, 02 Oct 2007 16:39:24 +0000 http://www.bargaineering.com/articles/zecco-to-limit-free-trades-in-2008.html#comment-161629 As a correction, Zecco's notification email states that their change in policy would not affect 98% of <b>online investors</b>, not 98% of their customers. Just by watching the forum activity on the Zecco site, it has become apparent that many current customers are affected and upset by the change. I find the changes ridiculous, but business is business. If they are attempting to get rid of smaller (a.k.a. less profitable) customers, this will do the trick. I only wish that they had not tried to mask it with the spin of "improving customer experience." As a correction, Zecco’s notification email states that their change in policy would not affect 98% of online investors, not 98% of their customers. Just by watching the forum activity on the Zecco site, it has become apparent that many current customers are affected and upset by the change.

I find the changes ridiculous, but business is business. If they are attempting to get rid of smaller (a.k.a. less profitable) customers, this will do the trick. I only wish that they had not tried to mask it with the spin of “improving customer experience.”

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