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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?


To: Howard C. who wrote (40967)9/17/1999 6:58:00 AM
From: ColleenB  Respond to of 43774
 
....that Day Trading Firm LENT HIM MONEY to continue his gambling....which I believe is illegal....but widespread, it appears. It also came out that these firms set up phony accounts to make it appear that the traders' margin accounts were valid, which they were not.

you're right Howard, these are the practices that need to be halted and ARE common place now at many of these firms. Wonder if that's why PABN wanted to get into the business...



To: Howard C. who wrote (40967)9/17/1999 12:23:00 PM
From: Frank Mandt  Read Replies (3) | Respond to of 43774
 
....that Day Trading Firm LENT HIM MONEY to continue his gambling....

It's called a margin account. I have one with my broker.



To: Howard C. who wrote (40967)9/17/1999 4:28:00 PM
From: PCModem  Read Replies (1) | Respond to of 43774
 
"Do you remember....that Day Trading Firm LENT HIM MONEY to continue his gambling....which I believe is illegal....but widespread, it appears."

I think you should read that article again. It said that some of his fellow day traders lent him money, and some of them were then killed by him...

As for the SEC sponsoring legalized gambling of stocks, all I can say is, have you been spending your spare time in the j universe?

grin!

PCM