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To: RockyBalboa who wrote (12668)7/8/1999 7:24:00 PM
From: Sir Francis Drake  Read Replies (1) | Respond to of 16892
 
Info, I guess that must be the explanation, but I cannot quite picture it. I mean, didn't your grandpa get monthly/quarterly statements? Didn't he look over them pretty carefully? I know what you mean by the "buy and hold" mentality, because my grandpa (who is still alive, and thinks my trading is a lot of foolishness<g>), also puts money in, and never seems to pull it out. But he also scrutinizes his brokerage statements like Ebenezer Scrooge, delighting in the appreciation, making comments etc. (yes, I told him many times that "he can't take it with him", to which he responds that he can't spend, because he needs to keep it all so I can have something to eat when I go broke trading, LOL!).

Anyway, I can't believe that you can have SOOOOOO many clients for SOOOOO many years of SOOOOOO many flagrant abuses, and not have them shut down much earlier. Something doesn't add up - BWDIK.

Edit: I mean, over 50,000 accounts, and crimes started from the beginning 1988 - and only ended in the middle of 1998. And they can only be held responsible since 94 due to statues of limitation!!! Unbelievable.

Morgan