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Technology Stocks : CMGI What is the latest news on this stock?
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To: LarryCPA who wrote (10416)6/18/1999 3:46:00 PM
From: Stuart C Hall  Read Replies (2) of 19700
 
>>I'm not sure why the SEC imposes these restriction, but it probably >>has to do with keeping the brokers from doing overseas what they >>are not allowed to do here.

I believe the reason that the SEC does not allow IPO shares in overseas accounts is to prevent IPO flipping.

I am in support of it. It's the US economy, why subject it to overseas manipulation? At least here the SEC can get involved.

Regards,
Stuart
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