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From Zarb's Mouth to Levitt's Ear!

Traders Magazine, May 1999

William Hoffman

The SEC seems to have outdone NASD Chairman Frank Zarb in surprising traders. First, Zarb mystified many with his cryptic request that independent broker dealers back a new central limit order book. But now the SEC has surprised many by re-opening the comment period for the proposal.

The public had until June 1 to offer comment before the SEC decides whether to adopt the proposed rule change.

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