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Non-Tech : CYBERTRADER
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To: Tanner who wrote (938)7/2/1998 11:52:00 AM
From: Colin Cody  Read Replies (1) of 3216
 
Sandon, IMO "PROFESSIONAL DAYTRADERS" have a reputation, generally, as being a "problem" re: T+3. I'm not suggesting you're anything of the kind, just that the group as a whole tends to make some brokerages "uneasy" about extending credit in this frothy market.
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NASD regs REQUIRE a brokerage to review their customer's credit worthiness, and to act accordingly, subject to disciplinary action if they fail to exercise due care.
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Colin
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