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Non-Tech : MB TRADING
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To: Shoot1st who wrote (2327)11/26/1998 2:46:00 PM
From: JerryPutnam  Read Replies (3) of 7382
 
You said they gave you a verbal response. We put it in writing in an attempt to do a better job. It was not available in writing, outside of some really hard to understand NYSE rulebook. And even the rulebook excludes the interpretations. We really want our clients to have good information that's why we added the site. This stuff is hard to understand, and even harder to calculate. Everyone is having a hard time with this and being a rep does not make you smarter. The real problem is with the rule makers. They are not applying the rules evenly. There is this notion that day traders are bad that keeps these guys actively looking at day trading rules. I understand that we may get some relief through another rule change that level the playing field again. I am on this stuff on almost a daily basis. The rules are not fair.
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