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By: nufced
25 Apr 2007, 05:53 PM EDT
Msg. 533120 of 533120
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Oklahoma Passes Landmark Stock Market Reform Law
By Mark Faulk
April 25, 2007

The state of Oklahoma today passed landmark legislation dealing
with fails to deliver in the stock market, by an overwhelming margin. The
final vote in the State House of Representatives was 81-12 in favor of
State Bill 979, with eight legislators not present. The legislation
will now go to Oklahoma governor Brad Henry to be signed. SB 979 is
considered by stock market advocates to be an important step in dealing with
an issue that many feel has been ignored at the federal level by both
the SEC and Congress.

Although there has been some support at the federal congressional
level to tighten or even rewrite laws dealing with stock market reform,
the inaction on the part of the SEC has caused millions of small
investors, with support from the North American Securities Administrators
Association and the U.S, Chamber of Commerce, to refocus their efforts on
reform at the state level, making the Oklahoma victory even more
significant. Oklahoma representative Guy Liebmann called the overwhelming
victory “a clear mandate.”


To read the rest of this article, go to:
http://www.faulkingtruth.com/Articles/Investing101/1074.html