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To: C Hudson who wrote (24453)9/1/1999 8:38:00 PM
From: Monty Lenard  Respond to of 99985
 
Well when dealing with the likes of them, I doubt nothing. But I also doubt that anything will come of it even if true. This country has learned to turn its head to things of this nature and I have learned not to really give a damn anymore. Sorry state of affairs isn't it?

Thanks for the post.

Monty



To: C Hudson who wrote (24453)9/1/1999 9:55:00 PM
From: GROUND ZERO™  Respond to of 99985
 
It is my understanding that the Security Exchange Commission (SEC) rules that apply to insider trading do not apply to futures trading since futures trading is governed by the Commodity Futures Trading Commission (CFTC) and they have no rulings that address the issue of insider trading. According to the CFTC, there is no such thing as insider trading. If you think about it, it makes sense because the price of a futures contract is arbitrary and not real and attached to an existing 'here and now' share of stock in an existing company but the speculative and future price of an existing cash crop or other tradable commodity based on anticipated supply and demand factors that may occur at some future date.

GZ