Discuss Year 2000 Issues Message Board

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Technology Stocks : Discuss Year 2000 Issues

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To: C.K. Houston who wrote (429)	11/13/1997 3:54:00 PM
From: C.K. Houston	of 9818

SEC chief urges advisers to prepare for year 2000 WASHINGTON, Nov 13 (Reuters) - Securities and Exchange Commission chairman Arthur Levitt ..... EXCERPT His concerns come as many regulators, lawmakers and business leaders warn that unless modifications are made, at midnight on December 31, 1999, the vast majority of computer systems may not be able to distinguish the Year 2000 from the Year 1900, which could cause chaos in the financial services arena. Late last month Levitt issued the same warning to the nation's securities firms and transfer agents. In his most recent letter, he told advisers to begin discussing year 2000 issues with their customers. ''Advisers that are not confident that they will perform smoothly during the transition have an obligation under the securities laws to inform their clients,'' he said. biz.yahoo.com

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