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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (71522)	5/24/2001 2:15:13 AM
From: Jay Fisk	Read Replies (1) \| Respond to of 122087

Here's a eye-opener on the SIPC: Message 15846119 "Stratton customers did not qualify for S.I.P.C. coverage because their assets were not held physically at Stratton, they were held at the firm that cleared Stratton's trades. The act of Congress that created the corporation states that the coverage extends only to customers of firms that hold their assets. Customers of a failed broker that used another firm to clear its trades and conduct administrative duties do not qualify." Nice loophole !