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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Dominick who wrote (7372)	3/12/2000 10:36:00 PM
From: LPS5	Read Replies (1) \| Respond to of 18137

What do you mean by: "Market makers, (not the traders who work for the firm)" Market makers are traders who work for firms. So are arbitrageurs, sales traders, and proprietary traders. So are specialists, floor brokers, and some quants. I never met a single market maker who sat on the board of a large corporation. The CEO's of the wirehouses might sit on the BoD's of corporations, but both their personal and firms' securities transactions are monitored by the SEC and NYSE or NASD for just such information usage. It's called a "gray list" and falls not only under the provisions of the Insider Trading Act(s) of 1984 and 1988, but Rule 102 "Control and Syndication," Rule 14e-3 "Inside Information and Tender Offers," and others. It's far too obvious and traceable of a scheme for someone to undertake. Sure, once in a while you'll hear something about an investment banker leaking information to a third party individual, but that's the bulk of it. I'd be more suspicious of the non-brokerage corporation CEO's and execs who want a friend or family member to trade on material, inside information on an offshore basis to their benefit. LPS5

To: Dominick who wrote (7372)	3/13/2000 3:41:00 AM
From: ahhaha	Respond to of 18137

When the public is greedy they factor larger quantities of disposable income into riskier investment funds. The SEC hopes insiders will act inappropriately so that they can prove to the public how important big government is and how critical it is to have a cop in every pot. In light of this consideration the brokerage house community is closed mouth, otherwise they will be stoned for merely having the name of the presumed guilty when the mob can't find the conspirators. Et tu, Brute?