In past, I had brokerage accounts with Vanguard and I have option level approved for writing uncovered put( Level 4). I could place covered cal orders via the website. But to place uncovered put ( that were secured by cash ), Vanguard online system does not allow for it and I have to call them and then the order will be placed. It causes two things.

1. "time consuming"
2. I feel that the brokerage can https://www.investopedia.com/terms/f/frontrunning.asp , I hope a reputable brokerage like Vanguard does not do that.

I had a friend tell me that WellsTrade had the same situation. My question is, is that legal ?

I can understand if the brokerage wants to monitor the trades for the first 6 months.

In past, I had brokerage accounts with Vanguard and I have option level approved for writing uncovered put( Level 4). I could place covered call orders via the website. But to place uncovered put ( that were secured by cash ), Vanguard online system does not allow for it( to me or any one else) and I have to call them and then only the order will be placed. It causes two things.

1. Time consuming
2. I feel that the brokerage can front Run my trade (though, I hope a reputable brokerage like Vanguard does not do that)

I had a friend tell me that WellsTrade had the same situation. My question is, Is that legal ?

I can understand if the brokerage wants to monitor the trades for the first 6 months.