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Alex, I understand everything youy say. But you have to see how Earl is correct also. What you state below, as the "core issue", is what should be dealt with in a better manner. Go after the "handful of folks", and penalize as few others as possible, instead of every small trader.
In a message dated 4/23/2003 3:10:39 PM Central Daylight Time, AJacobson@xxxxxxxxxxxxxx writes:
The core issue here is the industry has a handful of folks who abuse the
system ...... we can argue forever about what abuse is, but this fee will
not apply to about 98% of the brokerage firms that trade options.
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