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Sunday, 03/25/2001 12:21:47 PM

Sunday, March 25, 2001 12:21:47 PM

Post# of 78729
Goodmorning everyone! Check this list out. Looks good to me.

F-I-R-E
Here is the final list of the most popular reforms that you and the rest of our F-I-R-E membership choose to be submitted to the SEC. You'll find this posted on the MMManip board on Raging Bull, and I suggest that we all post it where we feel it would be welcomed. We
need to continue to make the public aware of the abuses that have been going on, what the corrections should be, and how to enact them.

There's a radio show on WWRL 1600 AM out of NJ that is addressing these issues honestly. The show is called the "Harvey Houtkin Show" and can be heard over the internet by going to radiofreewallstreet.com. Here is
a link to a recent article about Harvey and his show. Please listen to the show, it's the only honest
reporting of the markets on the air today. Let's show our support.

http://biz.yahoo.com/rf/010223/n21499220_2.html

1) Implement Congress' 1975 central marketplace mandate.

2) Substantially stiffen penalties for not adhering to the rules/regulations proportionate to the infraction and relative to the economic size of the offender.

3) Prominent display on SEC Web site of all enforcement actions against all individuals and firms.

4) Make all trading rules of the Nasdaq apply to the OTCBB.

5) Physical stock certificate must be made available upon request within (5) working days.

6) Uptick rule for everyone.

7) Mandate electronic linkage between all markets/exchanges.

8) Mandate price/time priority.

9) Mandate a reasonable time period in which companies must notify the SEC of any upcoming material news releases. This must go to the SEC Web site prior to anywhere else.

10) Enact a (5) minute trading halt on the stock of a company for any material news release.

11) Restrict for 12 months after leaving office all SEC officials from gaining employment with anyone for whom the SEC is responsible for regulating.

12) Mandate realtime reporting of all trades/sales of issues, including short sales and all filings of reportable company financing (reg "s", 144's, etc.).

13) Fees for the raising of capital should be reduced for small companies so as not to make it onerous.

14) Promote the use of "dutch auctions" for the distribution of IPOs.

15) Make paper prospectuses optional.

16) Eliminate and make illegal payment for order flow and all "soft dollar" arrangements.


Our membership grows ever day. Together, we will effect the necessary changes. As always, I wish everyone good luck in their investments.

Mitch Levy
Federation for Investment Reform and Equality
F-I-R-E


Excel - Greg

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