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Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (1279)	9/7/1998 4:57:00 PM
From: gbh	Read Replies (1) \| Respond to of 3216

Steve, ultimately, it is the brokers responsibility. Brokers could simply disallow it in accounts with the same last name, if they so choose. Does your brokerage enforce this rule in your software. How would your clients even know it is "against the rules"? Have you sent out printed material to explain this? Many brokers continue to allow long and short in the SAME account, ie. type 2 and type 3. Both Fido and Lombard did as off last week. I would think the SEC would care less. This is a NASDAQ rule. One that doesn't seem to get much attention. What you are telling me is that the NASDAQ does a poor job of policing its dealers/brokers/members. Do you think its my responsiblity to know NASDAQ rules? I don't think so. Don't you think brokers might be more at risk at losing their licenses, than account holders of being prosecuted? I think so.