Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Jeffrey S. Mitchell who wrote (290)	3/8/1999 11:28:00 PM
From: Bosco	of 1438

Hi Jeff, you sez, "That is my understanding as well. Regardless, there is nothing that prevents a "friend" from shorting for you (g)." to begin with, I guess it is not illegal either, if indeed there is no provision against it. However, having a "friend" do it if such a provision is in existence can very well be illegal, depending on the interpretation of the agreement. I am not a lawyer, but ideas like "China Wall" and "insider trading" seem to suggest using "friends" to park the trades are a no-no. Offhand, I can think of some company being fined by SEC - not hard enough though - for parking trades for Ivan Bowlsky [sp?] best, Bosco

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