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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Podsiadlik who wrote (53223)	3/17/2000 12:47:00 AM
From: Mama Bear	Read Replies (1) \| Respond to of 122087

"The only thing the SEC requires is an uptick and the location of a borrow." Kevin, the uptick rule is an Exchange rule, not an SEC regulation. No uptick is required to short a Nasdaq Small Cap or an OTC BB stock. Also, the uptick rule on the NYSE and AMEX are different than the Nasdaq rule. Regards, Barb

To: Kevin Podsiadlik who wrote (53223)	3/17/2000 12:52:00 AM
From: Puck	Read Replies (1) \| Respond to of 122087

Thanks for your reply Kevin. Your statment has provoked a question in my mind. I had presupposed that the SEC had jurisdiction over all trading on American securities mrkets. What you say implies, however, that the SEC's jurisdiction is limitied to transactions conducted through domestic brokerage houses but does not govern trading of domestic securities through off shore entities. Please correct me if I'm wrong. This, then, would imply that the SEC's jurisdiction is defined by the geographic origin of the trading (domestic vc. offshore) rather than the geographic location of the market for the securities and where the securities are registered. So what you can do as a trader depends upon where you execute the trade and nothing else. Am I interpreting you correctly? Again Thanks, Puck