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To: BrianL who wrote (539)	6/25/1998 9:59:00 PM
From: Nazbuster	Respond to of 1729

PS- how do I get italics in my posts. Type <i> to start them, </i> to end. (If you want to SHOW the < or > as I have here, then you have to type &lt; to represent the "<", etc., and &amp; for an ampersand. Mind boggling, isn't it! Also, user your browser's View Source function to see how any web page is built, including everyone's profiles.)

To: BrianL who wrote (539)	6/25/1998 10:56:00 PM
From: Colin Cody	Respond to of 1729

Brian, IMO, all registered representatives have a DUTY to act in the customer's best interests. As AGENCY he is a go-between, charges you a fee (commission) and seeks out the stock you want to buy. . As PRINCIPLE he will sell you HIS OWN stock, probably stock that he bought cheaper than the price you're paying him. As PRINCIPLE it might be inappropriate to charge a sales commission, but not always. . i.e. if the ASK is $34 the Principle will sell it to you for $34, but the Agent will buy it from someone else and have to tack on a commission. . Now with today's $25 and $8 commissions, and recent MARK-UP activity when acting as Principle, this can all go flip-flop. . Things are changing with NASDAQ and OTC investing, and I'm still playing "catch-up" to the new rules (g). . ITALICS? LIKE THIS!!! . Colin