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Non-Tech : CyBerCorp.com

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To: Dan Clark who wrote (580)	5/10/2000 6:52:00 PM
From: CyBerCorp.com	Read Replies (1) of 1001

Dan, Thank you for your post. In regards to the proposed NASD Regulations, it has not yet been passed and is currently undergoing review. For a list of NASD Regulations that have gone into effect for the current calendar year, please reference the following site: nasdr.com As for CyBerCorp.com's position, while we support rules that manage risk of the customers trading with increased buying power, we consider it inappropriate to base the definition of "pattern day trader" on the number of day trades executed. CyBerCorp.com feels that a more appropriate definition of "pattern day trader" would be one based on the level of a customer's leverage and not on their investment strategy or their number of transactions. Further more, CyBerCorp.com does not believe that a change in margin regulation would necessarily improve the financial protection of customers and or firms. In the event that the proposed amendment does go into effect, CyBerCorp.com would comply with all required changes. Thanks again for your post and if you have any additional questions, please don't hesitate to give us a call. Sincerely, CyBerCorp.com A Division of CyBerBroker, Inc. Member NASD-SIPC

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