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Enron Mail |
Dear Customer,
Datek Online is restructuring its online business in order to maximize the efficiencies of our operations and leading-edge technology for various brokerage functions. Simply, this restructuring allows us to position our resources for growth well into the future. This restructuring will result in no change as to how your account is being handled. You have no paperwork to complete or new numbers to remember. You will still receive the same quality executions and services you have come to expect from Datek. What exactly is happening to your account? As of the close of business on June 29, 2001, Datek Online Brokerage Services LLC will transfer your account to an affiliate, Datek Online Financial Services LLC. iClearing LLC, our clearing company, will continue in its role as clearing agent and will carry your account as clearing broker pursuant to a Clearing Agreement with Datek Online Financial Services LLC. Per the Customer Agreement, the Terms and Conditions to which you have previously agreed will inure to Datek Online Financial Services LLC. What does it mean to you? Your brokerage account is still at Datek and all functions remain the same. It does not change your account number, password, or username. Again, your account and the services we provide are the same. The only difference is that your account will be a Datek Online Financial Services LLC account rather than a Datek Online Brokerage Services LLC account. How are your account statements affected? Future trade confirmations and account statements will be sent by Datek Online Financial Services LLC. If you receive electronic monthly statements, you will only receive one June monthly statement in that iClearing is remaining as the clearing agent. How is your end of year 1099 statement affected? You will receive one end of year 1099 account statement sent by Datek Online Financial Services in that iClearing is remaining as the clearing agent. Who do you make checks payable to? All check deposits should continue to be made out to Datek Online and should include your UserName and Account Number on the check. What happens to open orders in your account. Will those carry over to Datek Online Financial Services LLC? Yes. All open orders, balances, positions, and documents will carry over with your account. We look forward to a smooth transition and completion of our restructuring. Once again, no further action by you is necessary. Thank you and welcome to Datek Online Financial Services LLC. High volumes of trading and volatility may result in executions at prices significantly away from the price quoted or displayed at the time of order entry. System response and access times may vary due to market conditions, system performance, and other factors. ? 2001 Datek Online Brokerage Services LLC, Member NASD/SIPC CC-DA33/#69839
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