Can someone clear something up for me.
I have been working from an office envoirment where our leads are contacted by phone and delt with on a personal basis.
If there's a deal to be had then it was more or less executed in 7 to 14days with no hassle.
I have now set up on my own and started trading with internet traders and I keep coming up against seller/brokers wanting operative L/C before POP!
This sets alarm bells ringing for me as how can we be 100% these guys can supply when there's no proof or willingness to prove the stocks exist!
I am finding this very frustrating and feel as though everyone seems to be trying to pull the L/C collateral scam, which I am sure your all familiar with.
If anyone can give there thoughts I would be happy to hear them.
From a very frustrated internet broker.
