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Microcap & Penny Stocks : ALYA Cost cutting system via software as well as security

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To: Glen Abbey who wrote (1207)7/10/1998 3:52:00 PM
From: DrMedina1  Read Replies (2) of 2534
 
Re: Closing the ring on shorts. The NASD regulations, which I have read, say that the accounting is due on the first settlement day after the 15th of the month. However, sources within the industry tell me that the accounting is done on the third (or next to last) Friday of the month. So that leaves three possible dates in July: the 15th, the 17th and the 24th.

I regret that I have been unable to conclusively establish which date is the correct one. However, I am certain that the accounting is required, and must be rendered, and that all of the possible dates will arrive in due course.
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