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maryl

06/13/07 3:28 PM

#6016 RE: maryl #6015


Grandfather clause eliminated.. (From another board)

Today at a SEC hearing..

Grandfather clause was voted unanimously to be eliminated. Tick test is voted unanimously to be eliminated. T+13 to set action on existing fails, 35 days is outside date to close out fails. 6 months to eliminate all existing fails. Phase out period
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914joey

06/13/07 4:22 PM

#6017 RE: maryl #6015

does this benifit us? coolwhip
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USC-Trader

06/14/07 3:25 PM

#6021 RE: maryl #6015

Are we sure the "naked" short fix..I am sure they(the MMs) will find another way out.