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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (41172)	7/18/1999 10:22:00 PM
From: LPS5	Read Replies (1) \| Respond to of 122087

Anthony, Actually, we're both right. My question for you is, for a $5,000 minimum net cap BD (usually one of those mutual fund only deals) to trade for their proprietary account, who defines (or is it a floating, subjective judgement) what "occasional" is? First: "$5,000 and $50,000 introducing broker-dealers may only do occasional trades for their own accounts. They may not act as dealers or market makers. $100,000 broker-dealers may act as dealers and market-makers." and then: "In addition to the requirements previously discussed, a market maker in securities is required to maintain a dollar amount of net capital for each stock in which he makes a market. The amount required is $2,500 for each stock selling above $5.00 a share; and $1,000 for each stock selling for $5.00 or less per share. The maximum requirement for a market maker, regardless of the number of stocks for which he makes a market, is $1,000,000." So, at what point do the regulators step in and make a 5K BD suddenly have to add $95K of net cap and between 1 and 2.5K per stock to continue their business? LPS5

To: Anthony@Pacific who wrote (41172)	7/18/1999 10:49:00 PM
From: uclatrader	Read Replies (1) \| Respond to of 122087

hi anthony thank u for your info since u r a very good shortseller would u start buying puts on net sector since they r lagging the techs which one would u prefer if u really do ebay or rbak one is weakest in the nets the other is overbought thanx again shuo