From: Marilyn Cappola [marilyncappola@mindspring.com]
Sent: Monday, August 20, 2001 12:33 AM
To: RULE-COMMENTS@SEC.GOV
Subject: Fw: rule 2520 margin requirement NYSE RULE 431

 
----- Original Message ----- 
From: Marilyn Cappola 
To: pubcom@nasd.com 
Sent: Sunday, August 19, 2001 11:44 PM
Subject: rule 2520 margin requirement


this rule is so unfair. I guess i will be closeing my accounts and not 
trading or ever holding stock again.  I trade with about $10,000 to 
$15,000 dollars, daily and weekly.  My accoiunts are always in excellent 
condition and never at risk because I have the choice to sell my positions 
when the market turns.  Now thursday night, which was April 16th the market 
turned down and friday morning it opened way down.  There is no rules 
really against the big hedge funds short selling.  They can drag the 
greatest and best companies down ( stock prices ).  I protect myself with 
my fast DSL trading system and have four computers all incoming news, 
quotes, reports and so on. 
Trule This rule of three trades in a five day period puts ME OUT OF BUSINESS.  
I am  out of business because I don't have $25,000 dollars to keep in an 
online account.  HOW UNFAIR   i AM KICKED OUT BECAUSE I DON'T HAVE OR WILL 
NOT KEEP $25,000 IN AN ONLINE ACCOUNT.  PLEASE HELP ME AND MANY THOUSANDS 
OF SMALL INVERSTORS THAT DO EVERYTHING RIGHT, plus our brokerage houses 
that do a fine job and DO NOT PUT THIS STUPID NEW CHANGE INTO EFFECT.  
oNE FINAL QUESTION WOULD YOU HOLD POSITIONS IN THIS MARKET  OVERNIGHT WITH  
WHATS BEEN GOING ON IN THIS MARKET ??  

PLEASE HELP ME      
MARILYN CAPPOLA            
SMALL INVESTOR                         
THANK YOU