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Re: Fidelity unfair in advertising?

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Subject: Re: Fidelity unfair in advertising?
Poster: BrunoRBrunoR@nyc.rr.com
Date: Thu, 22 Mar 2007 17:32:33 -0400
Related Postings: 1 2 3 4 5 6 7 8 9 10
Of course, it is all legal, I'm sure of it, Jerry! However, I'm a silver guy with them and they charge me nearly $25 for the same trade I could get executed for $7 at "Scottrade." I'm just discussing this issue on account of Fidelity's annoying TV ad in which they so *smugly advertise $8* w/o letting viewers know that one has to jump throw hoops in order to qualify. This is just my opinion about fair advertising doesn't rhyme with Fidelity ;-(

Jerry wrote:
> Yes, one must be classified as an "active trader" for the 8 rate. I'm
> not sure how many trades it takes to be qualified as "active" - I expect
> it's documented on their web. As you can likely guess from my posts,
> I've been classified as such for years.
>
> Jerry
>
> "BrunoR" wrote in message
> news:4602e860$0$27015$4c368faf@roadrunner.com...
>> ---when they advertise $8 commissions on TV but in reality
>> their commissions may exceed $8 by several multiples ;-).
>>
>> Of course, there is the *fine print* that remains invisible in
>> their ads. (Which part of government is in charge of fair
>> competition? "Buyer beware!"

 

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