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Technology Stocks : INTERNET ASIA + Indexes

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To: Francois Goelo who wrote (1362)	10/18/1999 12:40:00 AM
From: Jeffrey L. Henken	Read Replies (1) of 1567

Additional information proving that SEC is making every attempt to level the playing field: sec.gov The same "uptick" rules should apply to all stocks (OTC Bulletin Board, Nasdaq SmallCap) as a requirement to make a short sale. Broker-dealers should be strictly required to meet the same coverage requirements for naked shorts as applied to customers and a 100% haircut on such shorts should be strictly enforced against violators. A system should be implemented to determine accurately through reporting requirements the number of shares that have been shorted and vigorously enforce the rule. The shorting of all stock within ten business days after effectiveness of an initial public offering should be prohibited.

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