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cross-checking broker / FCM statement with the transactions logged


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cross-checking broker / FCM statement with the transactions logged

  #11 (permalink)
 artemiso 
New York, NY
 
Experience: Beginner
Platform: Vanguard 401k
Broker: Yahoo Finance
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Ah I made the mistake of reading the last couple of posts but not the OP's post.

If I recall Teyu runs Phillip Futures and he, and the few I've met working for him, comes across as an honest person. If there's any error in your statement, it doesn't strike me as intentional and especially for the small amount of cash involved. You should check with your broker if you need clarification of the statement.

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  #12 (permalink)
 
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 SMCJB 
Houston TX
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patricia View Post
If the broker or FCM can't tell you, who can? Ultimately, it should be the person who creates the statement who knows. Hopefully, the statement is created based on some logic and not arbitrarily filled with numbers. Hopefully you agree with me? The FCM refers to the introducing broker and this again cannot or does not want to help. The answers are clumsy "All info is on the statement".

I agree with you completely somebody should be able to answer your questions. As I stated earlier though your problem is the brokers themselves don't understand the software well enough to reconcile these differences. Hence why they are giving you incomplete answers.

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  #13 (permalink)
patricia
Berlin Germany
 
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@artemiso: thank you for your detailled input!!

@SMCJB: thank you, too.

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Last Updated on January 5, 2021


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