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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: EtTuBrute who wrote (2049)	4/17/1998 11:22:00 PM
From: WHL	Respond to of 25548

Lawyer to lawyer- chew on this tidbit that I picked up on another thread for a bit: ARE THERE WAYS FOR BROKERS TO DELAY PROMPT DELIVERY OF SECURITIES?? (Looks like they have 30 days or more) www.law.uc.edu/CCL/34ActRls/rule15c3-3.html d.Requirement to reduce securities to possession or control. Not later than the next business day, a broker or dealer, as of the close of the preceding business day, shall determine from his books or records the quantity of fully paid securities and excess margin securities in his possession or control and the quantity of fully paid securities and excess margin securities not in his possession or control... If such books or records indicate, as of such close of the business day, that such broker or dealer has not obtained physical possession or control of all fully paid and excess margin securities as required by this section ... [for] Securities included on his books or records as failed to receive more than 30 calendar days, then the broker or dealer shall, not later than the business day following the day on which such determination is made, take prompt steps to obtain physical possession or control of securities so failed to receive through a buy-in procedure or otherwise....