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To: BigMoney who wrote (126234)	9/28/2001 3:28:45 PM
From: yard_man	Respond to of 436258

ignorant senators think it is a way to reduce volatility -- does exactly the opposite -- these little guys provide liquidity and grease things quite well -- it is an administrative pain in the butt for brokers. The timining is really idiotic -- take a market that is sliding and start putting restrictions on trading. Think of how many portfolios that were above the 25k requirement a couple of months ago and now are not -- I don't know the numbers, but my broker seemed to think it was significant. Apparently they (senators) wanted to make it more stringent -- 50 or 100k equity cut off and easier to get classed as a daytrader. I'm going to write them and express my displeasure -- though it really doesn't impact me.