(December 10, 1999) – Bradley K. Skolnik, President of the North American Securities Administrators Association (NASAA) & Indiana Securities Commissioner, released the following statement in response to the proposed rule changes by the NYSE and the NASD that would raise margin requirements for day traders:

“NASAA supports higher margin requirements for day traders. Day trading is a risky behavior and higher margin requirements may help reduce potential losses. NASAA endorses the rule proposals and urges the SEC to approve them.”





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