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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Dusty who wrote (2215)	6/1/1998 11:11:00 PM
From: SC Anderson	Read Replies (2) \| Respond to of 4142

Dusty, a rhetorical question but if the SEC has a T+3 rule, how can any firm consider the 2nd day as settlement date? It just doesn't square, the playing field has to be level. Steve

To: Dusty who wrote (2215)	6/1/1998 11:37:00 PM
From: Binder	Read Replies (1) \| Respond to of 4142

Dusty, I think you are exactly right. Different brokers handle different customers in different ways. The way my broker works is like this....Date Of Settlement would depend on the cash on hand in my account. If I have cash in my account, my purchase is considered 'settled' as soon as my broker removes the money from my account. (We are usually still on the phone when this happens) However, if I have to send the money in, I have three days to do so before the transaction is either nullified or applied against my available margin. One of the advantages of working with a broker who actually values your business. :-) Binder