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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?

To: bluejeans who wrote (18863)	4/8/1998 12:51:00 PM
From: bluejeans	Respond to of 32384

((((OFF TOPIC))))Head Trader Alert #1998-17 - April 1, 1998 Extension of Short Sale Rule and Suspension of PMM Standards; New PMM Standards Pilot Proposed SEC Extends Until November 1, 1998 the NASD Short Sale Rule, Extends the Current Suspension of PMM Standards through April 30, 1998; New PMM Standards Pilot Is Proposed by NASD On March 30, 1998, the Securities and Exchange Commission (SEC) extended the pilot of the National Association of Securities Dealers, Inc. (NASDr) Short Sale Rule (NASD Rule 3350) until November 1, 1998. The Short Sale Rule was previously scheduled to expire on April 15, 1998. The SEC also extended, until November 1, 1998, a recent change to the definition of a "legal" short sale, described in NASD Notice to Members 97-74. In addition, the SEC extended through April 30, 1998, the current suspension of Primary Market Maker (PMM) standards. These standards were suspended in February 1997; since then, all Market Makers in Nasdaq National Marketr securities have qualified as PMMs.