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Conference nyoss1::market_investing

Title:	Market Investing

Moderator:	2155::michaud

Created:	Thu Jan 23 1992
Last Modified:	Thu Jun 05 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1060
Total number of notes:	10477

263.0. "NASD Notes" by SDSVAX::SWEENEY (Patrick Sweeney in New York) Thu Aug 13 1992 23:45

Copyright � Dow Jones & Co. 1992
Source: Dow Jones News Service
Headline: NASD - Datek Securities -2-: Suspensions For 3 Months
Time: Aug 12 1992 1429


Story: 
  WASHINGTON -DJ- The National Association of Securities Dealers Inc. said 
that as a result of an expedited remedial proceeding, it suspended Datek 
Securities Corp. of New York from membership in the NASD for three months. 
  Additionally, NASD said, Datek's head trader, Sheldon Maschler, was 
suspended for three months and required to requalify by examination. 
  NASD said the suspensions were imposed based on findings that Datek, acting 
through Maschler, entered a series of 690 trades into the NASD's Small Order 
Execution System for 21 discretionary accounts over which Maschler exercised 
discretion and control. 
  These orders were found to be based on a single investment decision, and 
when aggregated, exceeded the maximum Small Order Execution System order size 
limits for the securities involved. 
  Datek is permitted to effect liquidating transactions only to close existing 
securities positions for customers and proprietary accounts, NASD said. 
  As reported Aug. 16, 1991, Datek was fined $10,000 and suspended 10 days 
from acting as a small order execution system, and Maschler was fined $50,000 
and suspended 35 days. 
   2:29 PM
categoryIndustry I/SCR
categoryMarketSector M/FIN

T.R	Title	User	Personal Name	Date	Lines
263.1	A novice NASDAQ question.	2327::HUSSAIN		`Fri Nov 05 1993 09:05`	2
	Are the prices posted in the NASDAQ listings in newspapers 'offer' or 'bid'.
263.2		MSBCS::BROWN_L		`Fri Nov 05 1993 10:53`	1
	The last trade.
263.3	to complete -1...	MRKTNG::BROCK	Son of a Beech	`Mon Nov 08 1993 08:57`	3
	......which could be either the bid or the asked. Depends whether the last trade was a sale to the specialist from the stock holder, or from the specialist to the new stock holder
263.4	Thanks. But......	2327::HUSSAIN		`Mon Nov 08 1993 12:11`	3
	Thanks for all the replies. Now, how do I know if the last transaction was a sale by the stockholder to the company, or a purchase by the new stockholder from the company.
263.5	Can't	KOALA::BOUCHARD	The enemy is wise	`Mon Nov 08 1993 13:25`	0
263.6	How much is this worth to you?	VMSDEV::HALLYB	Fish have no concept of fire	`Mon Nov 08 1993 16:21`	7
	Get a quote and make an inference. For example, I just checked Microsoft. Bid 78 1/2, Asked 78 3/4, last 78 1/2. Odds are pretty good the last trade was a sale to one of the NASDAQ ("license to steal") market-makers in MSFT. John
263.7		JGODCL::KWIKKEL	The dance music library 1969-20..	`Tue Nov 09 1993 09:17`	8
	Hi, Is someone willing to see how the stock is doing of a US company named NSA-int from Memphis Tnnsee? thx in advance, Jan.
263.8		BEGIN::ROTITHOR		`Fri Jan 24 1997 11:41`	28
	Datek (www.datek.com) allows WEB trading for $9.99. You can view real time quotes after opening an account (no money needs to be sent and no trading required). Here is a blurb from their site: Datek, the leader in automated order execution systems for the last five years, is finally opening its lightning fast trading systems to the investing public. Now public customers can trade any New York Stock Exchange (NYSE) or NASDAQ� stock for only $9.99 per execution directly over the Web using the same systems that our traders and customers use to place overJust see for yourself. Fill out our on-line new-account form, and we will give you real-time NYSE and NASDAQ quotes absolutely FREE! Why wait? 100,000 orders a day.
263.9	Anyone have an account?	SUBSYS::DONADT		`Tue May 06 1997 13:06`	7
	Anyone have a DATEK account? I recently opened an account with them and found that I cannot access their secure servers. The problem seems to be that our firewall prevents a connection. Has anyone successfully gotten around this problem? Since this is kind of a personal web page, I really don't want to ask our system people for much help on this. Ray
263.10		PADC::KOLLING	Karen	`Tue May 06 1997 15:09`	4
	Re: .9 In the market_investing conf, see note 773.36 for directions.
263.11	Thanks!	SUBSYS::DONADT		`Wed May 07 1997 08:57`	4
	Thanks, Karen! Interesting, but my Security Proxy was never set to anything. It works fine now. Ray