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To: GVTucker who wrote (111642)	9/28/2000 9:28:06 AM
From: CountofMoneyCristo	Respond to of 186894

<Count, payment for order flow is perfectly legal.> First of all, payment-for-order-flow in any form is completely immoral and it is questionable whether under certain federal statutes it is not illegal. There is considerable reason to believe it is direct contradiction the statutes set down in Title 15 of the Investment Adviser's Act of 1940. One thing is beyond argument, however: if payment-for-order-flow is undisclosed, it is completely illegal. You may wish to consult your legal counsel or SEC on this. It is precisely this kind of misinformation that allows criminals to control day trading. Regards, Olivier L. F. Asser

To: GVTucker who wrote (111642)	9/28/2000 9:29:48 AM
From: CountofMoneyCristo	Respond to of 186894

<Count, payment for order flow is perfectly legal.> First of all, payment-for-order-flow in any form is completely immoral and it is questionable whether under certain federal statutes it is not illegal. There is considerable reason to believe this practice stands in direct contradiction the statutes set down in Title 15 of the Investment Adviser's Act of 1940. One thing is beyond argument, however: if payment-for-order-flow is undisclosed, it is completely illegal. You may wish to consult your legal counsel or SEC on this. It is precisely this kind of misinformation that allows criminals to control day trading. Regards, Olivier L. F. Asser