Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (16249)	12/21/1998 12:54:00 AM
From: S. maltophilia	Read Replies (1) of 18691

Roger- Did you see this? interactive.wsj.com Borrowing Against the Value of Your Stock Sounds Tempting, but the Risks Are Many By DANIALLE WEAVER Special to THE WALL STREET JOURNAL INTERACTIVE EDITION ** The loan company, First Security Capital LLC, of Charleston, S.C., was offering a somewhat unusual means to tap the paper value of his stock portfolio, without selling stocks, triggering margin calls or paying capital gains taxes. *** There are no documents regarding First Security on file with the U.S. Securities and Exchange Commission. However, the Securities Division of the South Carolina Attorney General's office is currently investigating the company's operations. As a matter of policy, the attorney general's office would not comment on its investigation..... ****

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