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To: Tim J. Flick who wrote (10244)2/2/1998 5:59:00 PM
From: Jack Zahran  Read Replies (1) | Respond to of 31646
 
Margin is already here. It has been approved by the Federal Reserve Board as a marginable OTC stock. The new report will be published at the latest on Feb 9, 1998. Some brokers like Datek have already begun supplying margin. I don't understand why the other brokers are waiting for the list to be printed. The Regulations (from the way I read them) allow a company to be marginable as soon as approval is given and they don't have to wait for the next quarterly list.

The FRB has already informed Brokers that TPRO would be on the Feb list and I believe that is enough for them to start extending margin now. Mind you this is not NMS approval, but margin approval. I'm sure NMS will follow shortly. So we'll get the Margin news first and then the NMS: a one, two punch.

Take care.
JZ