Date:    02/04/2000  9:35 AM


Subject: rule 432 regulation 
 
I have an IRA account with an online brokerage and they are trying to say 
that i broke regulation T.  Here is my question, I spent most of my money to 
buy a stock on Jan. 25 (call it stock A) then on Feb. 2 i sold stock A. about 
a half hour later I spent most of my money again to buy a different stock 
(stock B) later the same day I sold stock B and then spent most of my money 
to buy a third stock (stock C).  U.S. clearing house is saying that since I 
bought and sold the same stock in the same day that it is a day trade, even 
though I did not try to buy it back.  There argument is that the money had 
not yet been swept.
Any information from someone would be very helpful and appreciated.  I went 
to Edgars to try and find regulation T but I could not find it.
     
Thank you
     
Shannon Pruett