Buying VISA IPO-use Scottrade or Broker @Wachovia?
Archie asks:
The Visa IPO hits the week of 3/17 & I want in. My buddy who works for AG Edwards/Wachovia is trying to get me to go through his firm for the purchase. He claims they will be able to execute the order before me & at a lower price than if I use my Scottrade online account. Is he just speculating or is it common for a large brokerage to get dibs way earlier in the IPO(so it would be worth it) than the online trader.
The Visa IPO hits the week of 3/17 & I want in. My buddy who works for AG Edwards/Wachovia is trying to get me to go through his firm for the purchase. He claims they will be able to execute the order before me & at a lower price than if I use my Scottrade online account. Is he just speculating or is it common for a large brokerage to get dibs way earlier in the IPO(so it would be worth it) than the online trader.
