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

To: Brandon who wrote (13493)	8/12/2001 10:19:15 AM
From: LPS5	Respond to of 18137

It must be :) I tell you, I don't know where anyone might have ever gotten the idea that I believe - let alone have ever actually posted - that the securities industry is "clean," or that "no" violations take place therein. I've never said that...but it's a frequent oversimplification by those who read my posts. I take it as a compliment, more often than not, that certain readers have in the past needed to so greatly oversimplify my posts to understand them or, more likely, to buttress their unfounded - and in some select cases, hilariously stupid - assertions. But in fact, such is not the case: I've repeatedly said that if regulation is to serve investors, to act as their protector and advocate...we are currently underregulated. Rather than trying to "engineer" a better market structure (a gross contradiction in the first instance, and an exercise in futility thereafter), IMO more attention needs to be paid to retail securities sales, sales/promotional activities ranging from small time internet touts to big time securities analysts, keeping recidivist violators out of the industry, and the like. And if anyone was to say that the securities industry - a subunit of the entire business spectrum which, as a whole, isn't renowed as a global bastion of ethicism - is a violation-free environment...well, I'd dismiss them as being as naive as the conspiracy theorists themselves. LP.