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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Karin who wrote (8936)	1/10/1999 7:19:00 PM
From: Diamond Jim	Read Replies (2) \| Respond to of 42834

Karin, I wish the gov't would keep a closer eye on the analysts who manipulate the hell out of these stocks. They put out buy recommendations, while they sell, or vice versa. Nothing can top Amzn, nothing can surprise me any more. Well, almost nothing, Tony from Brooklyn sure surprised me. jim

To: Karin who wrote (8936)	1/10/1999 7:54:00 PM
From: Investor2	Respond to of 42834

From the Federal Register: "[Federal Register: December 7, 1998 (Volume 63, Number 234)] [Proposed Rules] [Page 67536-67542] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr07de98-23] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of Thrift Supervision 12 CFR Part 563 [No. 98-114]RIN 1550-AB15 Know Your Customer AGENCY: Office of Thrift Supervision, Treasury. ACTION: Notice of proposed rulemaking. ----------------------------------------------------------------------- SUMMARY: The Office of Thrift Supervision (OTS) is proposing to issue a regulation requiring savings associations to develop and maintain Know Your Customer programs to deter and detect financial crimes. The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency are proposing substantially similar rules in separately published notices. The proposed regulation would reduce the likelihood that savings associations will become unwitting participants in any customer's illicit activities by requiring savings associations to determine the true identities and legitimate activities of their customers. The proposal would require each savings association to determine the identity of its customers, to determine normal and expected transactions for its customers, to determine its customers' sources of funds, to identify transactions that are not normal or expected transactions for the customer, and to report suspicious transactions under existing suspicious activity reporting requirements. The proposal's flexible approach would allow each savings association to design a Know Your Customer program suitable for its own circumstances. DATES: Comments must be received by March 8, 1999. ADDRESSES: Send comments to Manager, Dissemination Branch, Information Management and Services Division, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, Attention Docket No. 98-114. Hand deliver comments to Public Reference Room, 1700 G Street, NW., lower level, from 9:00 A.M. to 5:00 P.M. on business days. Send facsimile transmissions to FAX Number (202) 906-7755 or (202) 906-6956 (if the comment is over 25 pages). Send e-mails to public.info@ots.treas.gov and include your name and telephone number. Interested persons may inspect comments at 1700 G Street, NW., from 9:00 A.M. until 4:00 P.M. on business days. FOR FURTHER INFORMATION CONTACT: Larry A. Clark, Senior Manager, Compliance and Trust Programs, Compliance Policy, (202) 906-5628, Gary C. Jackson, Analyst, Compliance Policy, (202) 906-5653, Christine Harrington, Counsel (Banking and Finance), (202) 906-7957, or Karen Osterloh, Assistant Chief Counsel, (202) 906-6639, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552." The entire proposed rule is at: frwebgate3.access.gpo.gov Best wishes, I2