8000 Incorporated (EIGH)

[AlanC]

This SEC rule change should be good for investors. Had this rule been in effect it certainly would have been helpful to EIGH investors as well as shareholders in many other stocks. Obviously there is a major problem or there would be no need for the new rule. Go EIGH!!!
My one allowed post for the day!

The Quarterly Security Count Rule (Rule 17a-13). This SEC rule requires a broker-dealer on a quarterly basis to count, examine, and verify the securities it actually holds for customers and for itself — and compare that with the amounts of such securities it should be holding as indicated by its records. This process includes verifying the actual amount of securities located at sub-custodians such as the Depository Trust and Clearing Corporation, or DTCC. If there are differences between the actual amounts held and the amounts that should be held, the broker-dealer must take capital charges until the differences are resolved.

http://www.sec.gov/news/press/2011/2011-128.htm