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To: ahhaha who wrote (228)	6/23/1999 1:47:00 AM
From: pass pass	Read Replies (2) \| Respond to of 963

Etrade is in direct violation for failure to comply, negligence, and are subject to SEC fine and censure, possible loss of securities license as a broker/dealer and possible expulsion from the NASD Maybe you should be a lawyer since you're quite good at this. TD owns Waterhouse. TD is a banker, Waterhouse is a brokerage soon to be $20B public company. Etrade probably has the best lawyers money can buy. They must have got this one figured out. In fact, I'll ask Etrade myself and see if Etrade is in direct violation of SEC law by buying Telebanc. By the way, all on-line brokers send you a checkbook immediately after you open an account, just like your bank does when you open a new bank account. What do you think?

To: ahhaha who wrote (228)	6/23/1999 2:00:00 AM
From: Gerald Walls	Read Replies (2) \| Respond to of 963

I knew what you were doing and it is a violation of the '33 Securities Act. You are putting no money down in order to buy stock. ...This activity is similar to check kiting and if intent to defraud can be shown, it is a felony. Since I'm not a lawyer, I strongly suggest you contact one knowledgeable about securities law. I have a mortgage, which I have once refinanced. I also have investments. Am I violating the law, since I owe someone else the money and therefore I'm using their money, not mine, until I pay off the mortgage? Would I have been able to pull out extra during the refinance and put it in the market? What about a Home Equity Loan? What about one of those stupid over-100% "Equity" Loans? If a person pulled out $20,000 to put in a pool and also bought $20,000 worth of stock, are they going to jail? Did they put the $20,000 borrowed into the pool or into the stocks? Or, because they commingled the money, is it all tainted?

To: ahhaha who wrote (228)	6/23/1999 6:27:00 PM
From: Mary Baker	Read Replies (1) \| Respond to of 963

Credit Card Interest Deductible when purchasing STOCKS... Article from The Street.com Sometimes Credit-Card Interest Can Be Deducted By Tracy Byrnes Staff Reporter 6/5/99 12:20 AM ET Good news. Some of you may be able to deduct your credit-card interest after all. Read on to find out how. This week we also discuss taking a deduction for trading software, whether an uncle or aunt can pay a nephew's college tuition gift-tax free and how to include your capital gains when calculating estimated tax payments. And we have some Keogh follow-up queries. Keep sending your questions, along with your full name, to taxforum@thestreet.com. Writing Off Credit-Card Interest I have a habit of taking all the promotional offers credit-card companies send me and using the money to pay down mortgages on rental properties and buy and sell stocks. Can I deduct the interest on the credit cards if I'm using them for these purposes? -- Azziz Akbar Azziz, My first inclination is to say you have a very bad habit. But I'm going to assume you've done all your homework -- you've explored other loan possibilities, checked the margin rates with your broker -- and determined that the promotional rates on these credit cards are still the better option. I'll also assume you truly are using these cards just during their promotions, so you're paying the bills in full before the teaser rates expire. If that's the case, you may be able to take a deduction for some of this interest expense. Paying down the mortgages on rental properties won't work. To get a mortgage interest deduction, the loan must be secured by the property. This is not the case if you borrowed money from a credit card to pay down a mortgage. But borrowing money from a credit card to buy and sell stocks may qualify. As long as you can trace the borrowed money from a credit card to your buys and sells, you can take the related interest as an investment expense, says Clarence Kehoe, partner and director of employee benefits at Anchin Block & Anchin, a New York accounting firm. Would he recommend that you trade with borrowed credit-card money? "No way. A credit card is the last place I'd look to borrow," says Kehoe. But if it works for you, be sure you keep scrupulous details so you can match the borrowed money to your securities purchases.