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Margin Crackdown Likely at Regionals?SEC Stepping Up Enforcement Actions as Mar

Traders Magazine, March 2000

William Hoffman

Regional stock exchanges are a likely choice for initial SEC action as the agency cracks down on margin lending abuses at day-trading firms, according to a high-powered attorney who represents dozens of brokerages and several regional exchanges.

George T. Simon, a managing partner and head of the broker dealer regulatory practice at Foley & Lardner, said margin lending subterfuges often occur because violators are regulated by regional exchanges.

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