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

To: Kanetsu who wrote (47914)	2/23/2001 2:16:55 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Kanetsu, respectfully. . . the SEC has felt the need to regularly bust brokers and brokerage houses for market manipulation. . . and the former chairman of the SEC is essentially putting out a call to arms to the Individual Investor. I'm hardly the one sounding the alarm here. The example I stated was merely one of dozens of such viable proposals [many of which I have mentioned in passing on these boards] . . . that would bend the scale back a bit. And if such proposals mean more work for those who fill out compliance forms, then it is more work. I didn't get us into this mess. What got us into this mess was brokerage greed and investor COMPLACENCY. Had the Individual Investor had a competent voice in Washington for several decades, I doubt we would be in the mess we are in. . . and perhaps more permanent rule changes would have been instituted which would have resulted in LESS compliance paperwork. One cannot assume that change is automatically bad. But one thing I have never done and am not about to start doing. . . and that is to lose hope or give up, because something is difficult or seems to many to be impossible. If you want to motivate a group of creative individuals, just tell them something is impossible. This subject is NOT new to this thread. I introduced it to this thread a year ago. . . BEFORE the markets peaked. I said the same things I'm saying now. We saw the same manipulation then. The difference between then and now is that now manipulation is more obvious than I can remember it being. And may be on the verge of getting a new SEC chairman that favors Wall Street Brokerages over Individuals. . . which could eventually make it more difficult for Individuals to participate in the markets. . . or could abolish ECNs. . . or eliminate Real-Time Quotes . . . etc., etc., etc. . If we had no collective voice. . . . would anyone even hear our objections? Rande Is