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Moderated By: capitalistbeatnik -- (Not Moderated) -- Started: 10/28/1997 1:37:00 PM Revision History

The events of October 28 alarmed me that the small investor could easily get shut out of a buying or selling opportunity because of telephonic and Internet limitations.

I consider this to be the result of the SECs misguided policy on trading curbs. In keeping with the general law of good intentions, it was a dumb idea that actually hurt the small investor because it created a logjam.

I would like to write a letter to the SEC suggesting the following

1. Eliminate all trading curbs and let the market work. The model that the big boys get out while the small guy gets stuck holding is wrong. It's that the small guy can't get in on a buying opporunity.

2. The SEC establish an extensive proxy 800 phone line for trading logjams than can establish a record of attempted trades when the broker cannot be reached. The fees are then charged to the brokerage house after the dust has settled.

3. Fines to the brokerage house to be awarded to the shareholder for trades that cannot be executed.

Please let me know your opinions and I would appreciate your support.

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Reply	Message Preview	From	Recs	Date
18	If the trading halt had led to pent-up demand, then the market would not have c	Thomas M.	-	10/30/1997 03:27 PM
17	Problems were not limited to deep discounters. While you may have been able to	Michael M	-	10/30/1997 12:28 PM
16	If the main server is down, you notify them that you intend to post the trade o	capitalistbeatnik	-	10/30/1997 10:27 AM
15	Discount brokers offer lower rates because we don't need advice. There is	capitalistbeatnik	-	10/29/1997 10:41 PM
14	Why should a person who does all of there own research, has all there own conta	Ryan	-	10/29/1997 10:23 PM
13	a proxy backup??? integrated with their main site.>???? maybe you could exp	full name	-	10/29/1997 09:42 PM
12	Are you the same people who demanded lower commissions because you didn't n	amc	-	10/29/1997 05:22 PM
11	So you dont think the trading halt led to pent up demand?	capitalistbeatnik	-	10/29/1997 10:15 AM
10	The trading curbs occurred Monday on the NYSE, the logjam on Tuesday in brokera	Thomas M.	-	10/29/1997 09:43 AM
9	The problems with the discount brokers weren't just US based today. In Can	Ryan	-	10/29/1997 01:45 AM
8	I would also like to add the following. Does anyone have a direct emai	dennisp	-	10/28/1997 08:04 PM

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