That is the title of a circular I just received from 3 of my brokers through snail mail.
Who says I must?
"Please be advised that we cannot act without your instructions"
Well great. Then you will not get any instructions from me.
No instructions = No action, Period.
Who is telling them to act? Certainly not me.
So who presumes to attempt to make decisions about my stocks and my account?
Seems to me that brokers either are being pressured or some are themselves applying the pressure on their clients.
They are saying that they need instructions well before the closing date of the offer.
Of course, that is the way things work,but where do they get the idea that I am even considering the offer.
"will not be liable for any instructions that are received after the processing deadline"
Fine and dandy say I.
But where do you get the gall to tell me that I Must?
(p.s. I posted same at Investor village.)