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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: SSP who wrote (23346)	1/29/2000 6:25:00 PM
From: Boolish	Respond to of 150070

NASD Board Approves Limit Order Protection Pilot Program for the OTCBB The pilot program will provide protection to investors who place limit orders for some OTC Bulletin Board© (OTCBB) securities. If approved by the (SEC), the program will require Market Makers in a select group of OTCBB securities to execute customer limit orders before trading for their own accounts. The 12 month pilot program will allow the NASD to track the trading patterns of the pilot securities to determine what, if any, effect the OTCBB limit order protection rule has on liquidity, price, and immediacy of execution before establishing a permanent rule. J. Patrick Campbell, chief operating officer of Nasdaq comented "We believe that these new investor protection provisions will greatly benefit the OTCBB market." It is also noted that in the last four years, the OTCBB has experienced growth of 106% in Market Maker positions, 687% in average daily share volume, and 96% in average daily dollar volume. ___________________________________