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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (81197)	12/27/1999 1:12:00 PM
From: Zog	Read Replies (1) \| Respond to of 86076

Can someone please explain CMRC to me? It splits 3 for 1, and goes up 20%! UFB does not begin to describe the situation.

To: MythMan who wrote (81197)	12/27/1999 1:13:00 PM
From: clochard	Read Replies (2) \| Respond to of 86076

A real bad sign for the markets: Monday December 27, 12:53 pm Eastern Time New competency exam for investment advisers--NASAA WASHINGTON, Dec 27 (Reuters) - People who want to become investment advisers next year will first have to pass a new 130-question competency exam, the North American Securities Administrators Association Inc. said on Monday. The new exam, which replaces the 75-question Series 65 exam, will test would-be investment advisers on their knowledge of economics, investment vehicles, investment strategies and ethics, the trade group of state securities regulators said. ''We should require financial advisers to prove that they know the difference between stocks and bonds -- the investing public deserves no less,'' said Donald Reis, Nevada's assistant secretary of state and chairman of the panel that developed the new exam. ''The number one goal of the exam is to achieve a higher level of investor protection,'' he said in a statement. The exam will be given starting Jan. 1, 2000. The test, which applicants will have three hours to complete and costs $110, will be administered by the regulatory arm of the National Association of Securities Dealers Inc., the parent of the Nasdaq market. Forty-two states and the District of Columbia, which register or qualify investment adviser representatives, are expected to adopt the new exam, NASAA said. There are about 125,000 investment adviser representatives in the U.S. and approximately 58,000 exams were administered in 1999, up from 33,000 the year before, according to NASAA. biz.yahoo.com