At 05:01 PM 6/3/96 -0400, Michael Froomkin wrote:

On Mon, 3 Jun 1996, Perry E. Metzger wrote:

[...]

...

Securities laws are extremely complex, extraordinarily broad, and subject to extremely flexible interpretation. I would suggest not attempting to skate a fine line near them -- the ice is very thin.

Damn good advice, if you ask me.

A. Michael Froomkin | +1 (305) 284-4285; +1 (305) 284-6506 (fax)

However, it is becoming a deregulated industry. Like all the rest. DCF