Greg, didn't mean to attempt censorship.
The issue of access to margin information relating to specific securities looms large. Do you agree that access to such would provide as edge? Anybody who has worked w/software & database design knows that the info. could certainly be 'mined'. Knowing that, & knowing how nefarious certain human characteristics can be, what information could be used to advantage 'behind the scenes' of the actual transaction processing? Can anyone say w/absolute certainty that what you do in your account on a transaction detail level, is private information, not accesable to be collected, correlated, analyzed, procured, sold, or otherwise used to establish investment decisions without your knowledge or consent? In the past I've had opportunity to see how extensively detailed financial systems collect & report upon transaction data, & how easily such info. can be reported upon. All brokerages know for what, when, & how much an investor has borrowed to purchase which securities, I'd like to know more as to exactly how much of this transaction detail is available, & to whom, as it seems that this information would be key to any such alleged manipulations. Is there a difference btw. the brokerages in such access & policies? Merril vs. a Datek? How uniform is the regulation of such? Do you agree that ownership of such would be a powerful advantage if collected & used against positions taken by account holders?
Regis |
