Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: LPS5 who wrote (10649)	11/17/2000 8:20:43 AM
From: KM	Respond to of 18137

The guy's a kook, and so is the one who run the thread he's posting on IMO.

To: LPS5 who wrote (10649)	11/17/2000 8:42:43 AM
From: LPS5	Respond to of 18137

"One person can indeed make quite a difference...I am very proud of this accomplishment. I worked very hard for it against considerable odds." Message 14829213 Don't break your arm patting yourself on the back. Issues surrounding payment for order flow have been known, their implications discussed, and rules regarding disclosure proposed for over six years. Indeed, there are a few documents on the subject - perhaps tangientally related, but still - dating back to 1969. Here are just a few examples. October 27th, 1994 sec.gov AGENCY: Securities and Exchange Commission. ACTION: Proposed Rulemaking. SUMMARY: The Securities and Exchange Commission is proposing to revise its rules governing disclosure to customers by broker- dealers of practices related to the routing of order flow, including payment for order flow, internalization of order flow, and affiliate practices. The proposed amendments are intended to provide customers with more useful information in evaluating the quality of executions. DATES: Comments should be submitted on or before December 15, 1994. * September 17th, 1995 sec.gov “...Generally, an order to buy or sell a security at a specified price ("limit order") is first received by the customer's broker, who either routes the order to an affiliated or non-affiliated market maker for execution or, if the firm is itself a market maker in the security, to the firm's market making desk. The combination of limit order execution and market maker functions can lead to the market maker competing with a customer for executions...The Commission believes that it is reasonable for customers to expect that the quality of the execution received will not vary from trade to trade.” * December 1st, 1995 sec.gov It was addressed in the “Naqcess” proposal. * August 1996, SEC investigation sec.gov; * Please. LPS5