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The Newest Internet Trader Has Special SEC Approval

Traders Magazine, July 1998

Michael L. O'Reilly

Armed with special Securities and Exchange Commission's correspondence, the owner of an Internet-based trading system said it is the first Internet trader with an SEC no-action letter

Peoria, Ill.-based Niphix Investments is planning to inaugurate its service next month with the $5 million initial public offering of Peoria's Clark Engineers.

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