Bancorp International Group Inc (fka BCIT)

[King Su]

From RB

By: ronjon41
15 Sep 2005, 02:11 PM EDT
Msg. 8158 of 8219
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read nasd pr regarding bcit below;
Additionally, NASD has confirmed the position of the SEC staff relative to the
application of SEC Rule 15c3-3(m) Completion of Sell Orders on Behalf of Customers
and SEC Rule 15c3-3(d)(2) Requirement to Reduce Securities to Possession or Control.
SEC Rule 15c3-3 requires member organizations to take prompt steps to buy-in
securities to obtain physical possession or control under paragraph (d) (2) and to
complete customer sell orders under paragraph (m). Such buy-in requirements related
to BCIT are temporarily suspended until further notice.