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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Kanetsu who wrote (47903)2/23/2001 11:47:53 AM
From: Dennis O'Bell  Read Replies (1) | Respond to of 57584
 
I'm unsure that it's too difficult. His proposal would BE a problem if it required "paperwork", on a velocity-of-paper-documents time scale, but such an objection doesn't seem to hold water in an online information age. Not now, and even less going forward as we have monotonically increasing bandwidth, storage, and processor cycles available. I mean, maybe the SEC ought to shut down, it's such a bother to file all those forms!

Rande has addressed what many have come to feel is the major conflict of interest in the market.

The real reason this won't be done is not the admitted difficulty - it would require some real work and talent to put things in place - but the fact that certain people profit fully from the present situation.



To: Kanetsu who wrote (47903)2/23/2001 11:49:26 AM
From: Rande Is  Read Replies (1) | Respond to of 57584
 
will basically paralyze Wall Street and probably force them to just stop offering recommendations at all.

And that is a BAD thing?

Large firms have whole staffs committed to keeping firms compliant.

So what's one more filing?

The games been played this way for years

And high time for a change!

We WILL have a voice in Washington. The more I discuss this, the more email I get. That's how I know when we've struck a nerve.

Thanks for your thoughts.

Rande Is