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

To: Laura E. who wrote (71712)	11/20/2000 11:55:13 AM
From: Joe Copia	Read Replies (2) \| Respond to of 150070

3 Quote Rule Amendments Effective November 24, 2000 On September 21, 2000, the Securities and Exchange Commission (SEC) approved amendments to NASD Rules 2320(g) and 3110(b), which: 1.require that members executing a customer order in a non-Nasdaq security contact and obtain quotations from three dealers (or all dealers if three or fewer) to determine the best inter-dealer market for the security, unless two or more priced quotations are displayed in an inter-dealer quotation system that permits quotation updates on a real-time basis (such as the OTC Bulletin Board(r) (OTCBB) or the electronic pink sheets); 2.require that members displaying priced quotations for the same non-Nasdaq security in two or more quotation mediums that permit quotation updates on a real-time basis display the same priced quotations for the security in each quotation medium; 3.no longer require that a member indicate on the order ticket for each transaction in a non-Nasdaq security the name of each broker/dealer contacted and the quotations received if two or more priced quotations are displayed and NASD Regulation has access, on a historical basis, to the quotation data; and 4.define the terms "inter-dealer quotation system" and "quotation medium" for the purposes of the proposed The amendments become effective on November 24, 2000.