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To: musea who wrote (89796)	1/18/1999 8:46:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 176387

Legalized thuggery. musea: SEC investigating NASDAQ? Probably so but these guys (the regulators and enforcers) are all from the trade and don't expect much from any investigations.This is white collar legalized crime of the worst order but since there is no other game in town the investors have no choice but to play the game by their rules. As for limit orders on NASDAQ the articles says one hardly gets any orders executed between the spreads if one puts in a limit order though it is easily done on NYSE and ASE.The companies seem to like them and so do the market-makers for obvious reasons but that leaves the investors holding the bag.Looks like 'NASDAQ' is just another word for 'extortion'. If some lawmakers could pass a law whereby the NASDAQ is forced to adopt the system used by the Toronto Stock Exchange or something similar it would have been hell of a lot of an improvement from the present system. ...and another thing, that 'trading ahead' business is nothing less than highway robbery and simply criminal in nature,no two ways about it.