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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Baker Street who wrote (20207)	12/1/1998 9:46:00 PM
From: Baker Street	Read Replies (1) \| Respond to of 119973

On the issue of raising margin requirements for Net stocks, only individual brokerages have taken upon themselves to raise them. In fact, Reuters reported the following today: Rumors about brokerages, and even regulators, tightening margin requirements for trading in Internet stocks surfaced last week. But a spokeswoman of the regulatory arm of the National Association of Securities Dealers (NASD) on Wednesday said regulators are not about to meddle with margins. ''Any sort of change in the margin requirements would have to be proposed to the (NASD) board and then sent on to the (Securities and Exchange Commission), (and) we have nothing even under consideration,'' NASD spokeswoman Nancy Condon said last week. An SEC spokesman declined to comment.