Appaenly Bright traders are are very dependent on selling on downticks that they would take a risk like that. I personally would not take that risk.
SEC does not have to track em down. All it would take is for a disgruntled competitor of whoever is doing an overly agressive interp of these bullet laws to rat out. Most scandals we've heard past 2 years were a result of 1 guy from the inside blowing the whistle.
unfortunately stock allocation programs are still in infancy and require a lot of cap to maintain. thats why i suggested in another link that bigger firms with large inventories of stock could look at daytrading shops as a new profit source and maybe try buying them out. but then again, its a nice dream
Does anyone know if any firms are still allowing conversions and will continue to? The ones that are good for a month. Does anyone know if they also did or will do away with them M