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DaveLandry
07-14-2014,
Hi every one ,i need some urgent help with trading law's in US
I leave at the Middle East and it is very hard to me to find info
That's the story :
On July 10 2014 I asked my broker to buy for me shears SPCB At Nasdaq, I asked to pay not more then 9.4$ limit price .
My account got 2000 shears and & charged 18,800$ +broker commission 60$.
Looking at Nasdaq report for this day I found out the the deal was on 9.22 $ and not 9.4. $
Is that legal ?
Can the broker pot in his pocket 360 $ or he have to give it on market price ?
I need to know what is the law , and where can I read it on the net

likesmoney01
07-14-2014,
1. You just said you asked your broker to "buy shares". Did you specifically tell him to buy 2000 shares?

2. Does your confirmation slip say your shares were bought at $9.22 or at $9.40? Cause if you were charged $18800 total then it sounds like your shares were purchased at the $9.40 per share price. So the proper question would then be, "Why didn't your broker buy your shares when the price was at $9.22 per share?"

3. I also wonder how it was even possible for your broker to buy shares at $9.40 per share on July 10th when the daily high was only $9.32 per share.

At this point, your broker is the first one you should be asking questions of, not strangers on a forum.