desi485
02-13 02:42 PM
why immigration lawyers provides different anwers on this? I guess, still some confusion...
is there any one on IV Community who used AP to travel and after coming back, successfully transferred the H1B visa to a new employer???
Please share...!!!
is there any one on IV Community who used AP to travel and after coming back, successfully transferred the H1B visa to a new employer???
Please share...!!!
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qplearn
11-15 12:42 PM
Trent Lott has supported the SKIL bill, and has become the minority leader. Should be good news. Should we write to him?
Honda
05-04 12:18 PM
Hi Friends,
I checked my status and havent received any Soft LUD, but I received a FP notice couple of days back. I am not sure what this is for..My PD is Dec 2006 (EB3) and I received EAD/AP/I140 approved. I applied concurrently during the july fiasco and already done with FP on 2007 itself.
Now i am surprised why I need to , go for FP again. I am still in H1 and my EAD is expired and havent renewed.
Can anyone shed some light in to this FP notice ???
Cheers
John
Your 485 application belongs to which service center?
I checked my status and havent received any Soft LUD, but I received a FP notice couple of days back. I am not sure what this is for..My PD is Dec 2006 (EB3) and I received EAD/AP/I140 approved. I applied concurrently during the july fiasco and already done with FP on 2007 itself.
Now i am surprised why I need to , go for FP again. I am still in H1 and my EAD is expired and havent renewed.
Can anyone shed some light in to this FP notice ???
Cheers
John
Your 485 application belongs to which service center?
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dealguy007
03-30 08:47 AM
Cannot make it to DC, just donated $50. Thanks for all your efforts.
transaction ID for the payment is: 31603569X3296592K.
transaction ID for the payment is: 31603569X3296592K.
more...
gc28262
03-10 05:16 PM
Thanks for posting this. Can you post the original inquiry? Hopefully it will encourage others to send similar inquiries to their Congressperson.
Do you know if these are 485 or 140 applications? Would be nice to know these numbers by PD and how it compares to pending applications for ROW.
I am trying to get the original question info from him. Probably he will read the thread and answer it.
Do you know if these are 485 or 140 applications? Would be nice to know these numbers by PD and how it compares to pending applications for ROW.
I am trying to get the original question info from him. Probably he will read the thread and answer it.
JazzByTheBay
12-13 04:21 PM
<Deleted Deleted Deleted>
Sorry for the extra bit of sarcasm here, but I seriously expect us to raise a million $ for our efforts from the 25,000 members (or at least raise our targets significantly... ), and get some more ideas on resolving some of the communication and logistics issues - so any ideas that help us towards such a goal are welcome.
jazz
I agree. I feel that the only thing that would be acheived if IV became a paid website is loss of membership. Then our PR documents will start with "IV is an organization of 200 members who are affected by ... "
Human nature is such that a few lead and others follow. We should recognize this and move on.
Sorry for the extra bit of sarcasm here, but I seriously expect us to raise a million $ for our efforts from the 25,000 members (or at least raise our targets significantly... ), and get some more ideas on resolving some of the communication and logistics issues - so any ideas that help us towards such a goal are welcome.
jazz
I agree. I feel that the only thing that would be acheived if IV became a paid website is loss of membership. Then our PR documents will start with "IV is an organization of 200 members who are affected by ... "
Human nature is such that a few lead and others follow. We should recognize this and move on.
more...
WhenIsMyTurn
10-09 03:59 PM
I have a valid H1 approval till 2011 and used AP for my previous india visit. Right now i am transfering my H1 to a new company.
I asked my lawyer if i was on H1 status or not? She replied, Unitl you use EAD, i will be on H1B Status.
and also we can transfer our H1 to new company also. thats what i am doing now.
hope this helps!! and this was the answer from 2 lawyers which i asked.
I asked my lawyer if i was on H1 status or not? She replied, Unitl you use EAD, i will be on H1B Status.
and also we can transfer our H1 to new company also. thats what i am doing now.
hope this helps!! and this was the answer from 2 lawyers which i asked.
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hope_4_best
04-27 05:21 PM
Hi,
What do you mean by IMG is very good?? Could you please elaborate??
Thanks
In Dec 2007 my dad got admitted to the hospital for 17 days due to DVT (Deep Venous Thrombosis). Total bill from the hospital was $48,000.00. IMG paid most part of it and I paid approximately $2000.00 as patient resposibility.
What do you mean by IMG is very good?? Could you please elaborate??
Thanks
In Dec 2007 my dad got admitted to the hospital for 17 days due to DVT (Deep Venous Thrombosis). Total bill from the hospital was $48,000.00. IMG paid most part of it and I paid approximately $2000.00 as patient resposibility.
more...
bigboy007
04-26 07:43 PM
understood the anguish,... But will it do any good. No for sure. If not on H1, If not on L1 then outsourcing companies will find alternative like B1/B2 i have seen many examples... if on B1/B2 no benefits at all get the person get the work done forget the "Person"....
This bill will INCREASE Outsourcing.. .My view. becoz employers after reading the text would say why should i worry about filing H1 after all so no new H1 Transfers to regular comps and no to existing consulting companies due to 50% limit. L1's are screwed.
Ask yourself what does it do and whom does it help. Does it help existing economy , looks to many becoz they dont understand it increases offshoring...
But there is already enough abuse in H1/L1 , How is IV recommending path forward for this bill ?
This bill will INCREASE Outsourcing.. .My view. becoz employers after reading the text would say why should i worry about filing H1 after all so no new H1 Transfers to regular comps and no to existing consulting companies due to 50% limit. L1's are screwed.
Ask yourself what does it do and whom does it help. Does it help existing economy , looks to many becoz they dont understand it increases offshoring...
But there is already enough abuse in H1/L1 , How is IV recommending path forward for this bill ?
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WeShallOvercome
11-06 04:00 PM
I see only one problem in this logic! Many cases I know of, at least from the 2007 H1B fiasco, paid for the H1Bs through consulting companies FROM THEIR POCKETS. So to answer your question as to why companies would spend $5000 in anticipation, is that they don't. They take it from the applicant. (again I am not saying all do, but there are abusive companies that do).
No cap on visa numbers will never fly... No political environment will be conducive to bringing in unlimited foreign workers without any restrictions. L1 has no caps because it is very difficult to qualify for an L1 visa, as far as I know. If caps in H1 are removed, you can bet there will be severe restrictions imposed on other aspects of the program.
That's right. I personally know people who have been asked to pay INR 250K (About $6K) to get their H1B done. So the companies have nothing to lose. They just want to have an upper hand with readily available supply of H1B workers if and when an American client is looking for a consultant.
They do this without spending a penny from their pocket and sometimes even make profit just by sponsoring H1Bs for people in India.
As a result, genuine visa seekers are denied a chance to get in and start working right away.
No cap on visa numbers will never fly... No political environment will be conducive to bringing in unlimited foreign workers without any restrictions. L1 has no caps because it is very difficult to qualify for an L1 visa, as far as I know. If caps in H1 are removed, you can bet there will be severe restrictions imposed on other aspects of the program.
That's right. I personally know people who have been asked to pay INR 250K (About $6K) to get their H1B done. So the companies have nothing to lose. They just want to have an upper hand with readily available supply of H1B workers if and when an American client is looking for a consultant.
They do this without spending a penny from their pocket and sometimes even make profit just by sponsoring H1Bs for people in India.
As a result, genuine visa seekers are denied a chance to get in and start working right away.
more...
idolthoughts
05-30 11:57 PM
alright everyone her she blows my Linuxpod cause I believe they rule over all!! I used the creative touch button system. and my favorite software.
http://www.angeredpenguin.com/mattlarrain/linuxpod.jpg
http://www.angeredpenguin.com/mattlarrain/linuxpod.jpg
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yabadaba
07-19 06:19 AM
can we please just post our filling status here? lets not freak out by what some customer rep says. Wait for at least 2 more weeks before you call and ask them status ec.
every lawyer i know has said that if it was rejected u would have gotten it by now.. everyone else is under the impression that the apps were held... till they made a decision.
every lawyer i know has said that if it was rejected u would have gotten it by now.. everyone else is under the impression that the apps were held... till they made a decision.
more...
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vsrinir
09-17 11:30 AM
Audio is clear now
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ThinkTwice
07-12 02:06 PM
Please vote so that we can have an estimate of how many people may show up....
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santb1975
03-14 01:16 AM
I got responses from pappu and Logiclife during the months of december and january. I didn't ask them any questions in Feb. so I did not notice they were quiet.
And the drama continues...
All I had asked was how the older IV core members were doing as I hadn't seen them online in over a year. But as usual a simple question like that and a request for some updates kicks up a storm!!
Once again, this was not to start a storm. I honestly just wanted to find out how the older core members were doing. WaldenPond, thanks for your first response.
And the drama continues...
All I had asked was how the older IV core members were doing as I hadn't seen them online in over a year. But as usual a simple question like that and a request for some updates kicks up a storm!!
Once again, this was not to start a storm. I honestly just wanted to find out how the older core members were doing. WaldenPond, thanks for your first response.
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rangaswamy
07-11 01:15 PM
This is what my law firm says:
Please also note that in proceeding with filing the I-485 for the purposes of the lawsuit, you would be waiving your right to any refund of the filing fees for your case, as there is no guarantee that the USCIS will return filing fees. Should you have any questions about billing/pricing/credits, please contact our Customer Support department at 1-888XXXXX ext. 2, or customersupport@XXXXXXXXX.com.
They specifically talk about the USCIS filing fees and not their fees. they have assured me that they will only charge once for filing.
Please also note that in proceeding with filing the I-485 for the purposes of the lawsuit, you would be waiving your right to any refund of the filing fees for your case, as there is no guarantee that the USCIS will return filing fees. Should you have any questions about billing/pricing/credits, please contact our Customer Support department at 1-888XXXXX ext. 2, or customersupport@XXXXXXXXX.com.
They specifically talk about the USCIS filing fees and not their fees. they have assured me that they will only charge once for filing.
more...
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immi_enthu
10-07 08:56 PM
If an aparment costs 70 lakhs and that is renting for 15 thousand, how does it make sense to invest in it? The return on 70 lakhs at 12%(or 10%) is 7 lakhs/year. That is approx. 60 thousand per month. If you buy an apartment and rent it, it gives you 15 thousand. Don't you see the problem? The return on investment is low, very low. The fact that it is renting only for 15 thousand tells us that it is not affordable for most of the average guys in the city. The theory that there are more demand to snap up 70 lakh, 1 crore apartments is simply not true.
I had the same question. Can anyone please explain inspite of the above problem, how are the prices for apartments in Hyderabad are so high ?
The only thing I can think of is that everybody is buying for themselves not as an investment.
I had the same question. Can anyone please explain inspite of the above problem, how are the prices for apartments in Hyderabad are so high ?
The only thing I can think of is that everybody is buying for themselves not as an investment.
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rameshvaid
08-11 12:31 PM
PD-July 2003 - EB3
RV
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kumarc123
01-11 02:54 PM
thank u thank u thank u..... please pray for me..... it might work where dos has has failed since sep-09, just 19 days away..... i promise to not bother u after i get my gc.... did i rub u the wrong way in the past
Thank you, you just proved how much of a team player you are.
Their is fine line between dreaming and reality, I wish you the best for your day dreams
P.S. -- Enjoy your medication
Thank you, you just proved how much of a team player you are.
Their is fine line between dreaming and reality, I wish you the best for your day dreams
P.S. -- Enjoy your medication
smisachu
08-01 05:34 PM
Hi smisachu,
Could you explain what you mean by this? Are you referring to "Flash Trading"
or the whole of HFT?
Yes Flash trading, ELP (enhanced liquidity program), direct access trading and even other program trading. The programs seek out discreet blocks that are being routed into the market and front run them. The main culprit according to many is GS. And to acheive a significant alpha the size and leverage are huge. Some program with a bug will dump a lot of shares on the market some day and before any one can react. Here is an article on some info that was made available only to bloomberg users.
"Lime Brokerage: "The Next 'Long Term Capital' Meltdown Will Happen In
A Five-Minute Time Period."
Posted by Tyler Durden at 11:25 AM
A recent Bloomberg piece that for some reason was made available only
to terminal subscribers, provides a very interesting discussion on the
dangers of sponsored access, how the associated pre-trade vs post-
trade monitoring deliberations by "regulators" will influence short
selling curbs, and not surprisingly, the desire by Goldman to not only
dominate this yet another aspect of high-frequency trading, but to
dictate market policy at will.
What is sponsored access:
In sponsored access, a broker-dealer lends its market participation
identification (MPID) number to clients for them to trade on exchanges
without going through the broker's trading system, to avoid slowing
down the execution. That places responsibility on the broker-dealer to
make sure the participant abides by securities regulations, and that
its trading, which can involve hundreds or thousands of orders a
second, does not run amok.
Is it thus surprising, that none other than Goldman Sachs is muscling
its way into providing not only a sponsored access platform to its
clients, but a new form of sponsored access that needs the blessing of
regulators:
Wall Street heavyweight Goldman Sachs, now launching its own sponsored-
access service to lend clients its identification to access securities
exchanges directly, said last week it favors monitoring client orders
prior to execution.
"Our view is that there is a real need for pre-trade checks in the use
of sponsored access to fulfill [broker-dealers'] regulatory
responsibilities," said Greg Tusar, managing director at Goldman.
Goldman's stand in favor of pre-trade instead of post-trade monitoring
of sponsored clients' activity is one side of a debate in which
regulators may choose a middle ground. The regulators' decision on how
to monitor sponsored access may also influence their deliberations on
restricting short sales.
What is the difference between pre-trade and post-trade monitoring? In
brief:
Pre-trade
Compliant with Reg SHO
Nip problems before they happen
View activity across exchanges
Post-trade
Faster order executions
Pre-trade systems still fallible
And another tidbit:
In traditional sponsored-access arrangements, a broker-dealer
determines a client's suitability to access market centers directly
and then allows the client to trade without monitoring its individual
orders prior to execution.
In other words, the Goldman endorsed pre-trade approach will allow
"monitoring of individual orders prior to execution." Whether or not
pre-trade checks provide the capacity to observe not just wholesale
exchange activity in the context of sponsored access but from a much
broader market angle is a discussion for another time, although this
could be one place where Sergey Aleynikov could shed an infinite
amount of light, especially as pertains to Goldman's sponsored-access
service. Conveniently, his gag order will prevent him from saying much
if anything until such time as there is an appetizing settlement to
keep him gagged in perpetuity. The bottom line is that with a pre-
trade environment, the sponsored access providers will be able to have
the potential to front run all those who use their platforms. The
residual question of how far they go to comply with regulations to
prevent this from happening, and remain true to their ethics standards
is also a topic for another day.
Going back to the topic at hand. Here is why sponsored access could
easily be quite a bother to capital markets sooner rather than later:
Unchecked errors or unintended repeat orders could deplete broker-
dealers' capital, and potentially wreak havoc in the broader market.
Concerns have arisen, however, about whether all broker-dealers are
able to fulfill that duty in today's electronic trading environment,
and according to which standards.
And here Goldman chimes in to not only promote their proposed
architecture but to expound on the virtues of pre-trade checking.
"In the case of high-frequency trading, in particular guarding against
technology failures, oversized orders and other situations where
there's potentially systemic market impact, we believe strongly that
pre-trade checks are a prerequisite," Tusar says.
Nasdaq's proposal as well as Securities and Exchange Commission
officials' speeches a few months ago appeared to lean toward
bolstering the traditional approach.
"We don't believe that's strong enough or what the regulators want
now, because of the potentially dire consequences, and because we-as
broker-dealers-bear much of that risk," Tusar says.
Now the reason why this is very relevant in the context of not just
potential front running, but also market structure is that Regulation
SHO, which is the primary regulatory framework for short selling (and
the purvey of potential Uptick Rule reinstatement, which will happen
once the market is allowed to hit a bid) is a post-trade
architecture.
Wedbush [Morgan] routinely tests clients' systems to ensure they are
compliant with Reg SHO. In addition, he says, the brokerage sets
limits on clients available locates-as well as credit and trading
limits--before the start of each trading day that its system tracks,
prohibiting shorts without locates and providing a type of pre-trade
check.
Or as has recently become the case, seeing rolling buy ins in the
middle of the day as borrowable shares in even the most liquid stocks
mysteriously disappear (look at today's market action for yet another
blatant example of this practice).
Anticipating the regulators' likely response, one should not be
surprised to see them siding with Goldman and against shorters:
As the SEC also seeks to appease investor concerns over rampant short
selling, especially naked short selling, new sponsored-access
standards may provide part of the solution. Given that day-traders may
be the last remaining culprits of such activity,, increasing and
standardizing scrutiny over their trading may reduce uncovered (and
illegal) shorts even further.
How about appeasing concerns over rampant, unjustified buying? When
will the downtick buy rule be implemented? But we jest.
And I digress again. Why should all this be concerning to advocates of
stability of high-frequency trading:
The mother of all concerns is a sponsored firm's algorithm going awry
and executing thousands of problematic trades across a range of
securities and market centers.
Well, this is not really a problem when it happens to the upside as
has been the case for months now - it is only a threat when Joe
Sixpack's 401(k) may be impacted, i.e., to the downside.
And here is where a SEC Comment submitted by broker Lime Brokerage is
a very troubling must read by all who naively claim that High-
frequency trading is a boon to an efficient market (which doesn't
provide . Well, yes and no - it is, until such moment that it causes
the market to, literally, break. I will post a critical excerpt from
the Lime submission, and leave the rest to our readers' independent
analysis:
Lime's familiarity with high speed trading allows us to benchmark some
of the fastest computer traders on the planet, and we have seen CDT
(Computerized Day Trading) order placement rates easily exceed 1,000
orders per second. Should a CDT algorithm go awry, where a large
amount of orders are placed erroneously or where the orders should not
have passed order validation, the Sponsor will incur a substantial
timelag in addressing the issue. From the moment the Sponsor�s
representative detects the problem until the time the problematic
orders can be addressed by the Sponsor, at least two mintues will have
passed. The Sponsor�s only tools to control Sponsored Access flow are
to log into the Trading Center�s website (if available), place a phone
call to the Trading Center, or call the Sponsee to disable trading and
cancel these erroneous orders � all sub-optimal processes which
require human intervention. With a two minute delay to cancel these
erroneous orders, 120,000 orders could have gone into the market and
been executed, even though an order validation problem was detected
previously. At 1,000 shares per order and an average price of $20 per
share, $2.4 billion of improper trades could be executed in this short
timeframe. The sheer volume of activity in a concentrated period of
time is extremely disruptive to the process of maintaining a �fair and
orderly� market. This shortcoming needs to be addressed if the
practice of Naked Access is going to be permitted to continue;
otherwise, the next �Long Term Capital� meltdown will happen in a five-
minute time period.
Could you explain what you mean by this? Are you referring to "Flash Trading"
or the whole of HFT?
Yes Flash trading, ELP (enhanced liquidity program), direct access trading and even other program trading. The programs seek out discreet blocks that are being routed into the market and front run them. The main culprit according to many is GS. And to acheive a significant alpha the size and leverage are huge. Some program with a bug will dump a lot of shares on the market some day and before any one can react. Here is an article on some info that was made available only to bloomberg users.
"Lime Brokerage: "The Next 'Long Term Capital' Meltdown Will Happen In
A Five-Minute Time Period."
Posted by Tyler Durden at 11:25 AM
A recent Bloomberg piece that for some reason was made available only
to terminal subscribers, provides a very interesting discussion on the
dangers of sponsored access, how the associated pre-trade vs post-
trade monitoring deliberations by "regulators" will influence short
selling curbs, and not surprisingly, the desire by Goldman to not only
dominate this yet another aspect of high-frequency trading, but to
dictate market policy at will.
What is sponsored access:
In sponsored access, a broker-dealer lends its market participation
identification (MPID) number to clients for them to trade on exchanges
without going through the broker's trading system, to avoid slowing
down the execution. That places responsibility on the broker-dealer to
make sure the participant abides by securities regulations, and that
its trading, which can involve hundreds or thousands of orders a
second, does not run amok.
Is it thus surprising, that none other than Goldman Sachs is muscling
its way into providing not only a sponsored access platform to its
clients, but a new form of sponsored access that needs the blessing of
regulators:
Wall Street heavyweight Goldman Sachs, now launching its own sponsored-
access service to lend clients its identification to access securities
exchanges directly, said last week it favors monitoring client orders
prior to execution.
"Our view is that there is a real need for pre-trade checks in the use
of sponsored access to fulfill [broker-dealers'] regulatory
responsibilities," said Greg Tusar, managing director at Goldman.
Goldman's stand in favor of pre-trade instead of post-trade monitoring
of sponsored clients' activity is one side of a debate in which
regulators may choose a middle ground. The regulators' decision on how
to monitor sponsored access may also influence their deliberations on
restricting short sales.
What is the difference between pre-trade and post-trade monitoring? In
brief:
Pre-trade
Compliant with Reg SHO
Nip problems before they happen
View activity across exchanges
Post-trade
Faster order executions
Pre-trade systems still fallible
And another tidbit:
In traditional sponsored-access arrangements, a broker-dealer
determines a client's suitability to access market centers directly
and then allows the client to trade without monitoring its individual
orders prior to execution.
In other words, the Goldman endorsed pre-trade approach will allow
"monitoring of individual orders prior to execution." Whether or not
pre-trade checks provide the capacity to observe not just wholesale
exchange activity in the context of sponsored access but from a much
broader market angle is a discussion for another time, although this
could be one place where Sergey Aleynikov could shed an infinite
amount of light, especially as pertains to Goldman's sponsored-access
service. Conveniently, his gag order will prevent him from saying much
if anything until such time as there is an appetizing settlement to
keep him gagged in perpetuity. The bottom line is that with a pre-
trade environment, the sponsored access providers will be able to have
the potential to front run all those who use their platforms. The
residual question of how far they go to comply with regulations to
prevent this from happening, and remain true to their ethics standards
is also a topic for another day.
Going back to the topic at hand. Here is why sponsored access could
easily be quite a bother to capital markets sooner rather than later:
Unchecked errors or unintended repeat orders could deplete broker-
dealers' capital, and potentially wreak havoc in the broader market.
Concerns have arisen, however, about whether all broker-dealers are
able to fulfill that duty in today's electronic trading environment,
and according to which standards.
And here Goldman chimes in to not only promote their proposed
architecture but to expound on the virtues of pre-trade checking.
"In the case of high-frequency trading, in particular guarding against
technology failures, oversized orders and other situations where
there's potentially systemic market impact, we believe strongly that
pre-trade checks are a prerequisite," Tusar says.
Nasdaq's proposal as well as Securities and Exchange Commission
officials' speeches a few months ago appeared to lean toward
bolstering the traditional approach.
"We don't believe that's strong enough or what the regulators want
now, because of the potentially dire consequences, and because we-as
broker-dealers-bear much of that risk," Tusar says.
Now the reason why this is very relevant in the context of not just
potential front running, but also market structure is that Regulation
SHO, which is the primary regulatory framework for short selling (and
the purvey of potential Uptick Rule reinstatement, which will happen
once the market is allowed to hit a bid) is a post-trade
architecture.
Wedbush [Morgan] routinely tests clients' systems to ensure they are
compliant with Reg SHO. In addition, he says, the brokerage sets
limits on clients available locates-as well as credit and trading
limits--before the start of each trading day that its system tracks,
prohibiting shorts without locates and providing a type of pre-trade
check.
Or as has recently become the case, seeing rolling buy ins in the
middle of the day as borrowable shares in even the most liquid stocks
mysteriously disappear (look at today's market action for yet another
blatant example of this practice).
Anticipating the regulators' likely response, one should not be
surprised to see them siding with Goldman and against shorters:
As the SEC also seeks to appease investor concerns over rampant short
selling, especially naked short selling, new sponsored-access
standards may provide part of the solution. Given that day-traders may
be the last remaining culprits of such activity,, increasing and
standardizing scrutiny over their trading may reduce uncovered (and
illegal) shorts even further.
How about appeasing concerns over rampant, unjustified buying? When
will the downtick buy rule be implemented? But we jest.
And I digress again. Why should all this be concerning to advocates of
stability of high-frequency trading:
The mother of all concerns is a sponsored firm's algorithm going awry
and executing thousands of problematic trades across a range of
securities and market centers.
Well, this is not really a problem when it happens to the upside as
has been the case for months now - it is only a threat when Joe
Sixpack's 401(k) may be impacted, i.e., to the downside.
And here is where a SEC Comment submitted by broker Lime Brokerage is
a very troubling must read by all who naively claim that High-
frequency trading is a boon to an efficient market (which doesn't
provide . Well, yes and no - it is, until such moment that it causes
the market to, literally, break. I will post a critical excerpt from
the Lime submission, and leave the rest to our readers' independent
analysis:
Lime's familiarity with high speed trading allows us to benchmark some
of the fastest computer traders on the planet, and we have seen CDT
(Computerized Day Trading) order placement rates easily exceed 1,000
orders per second. Should a CDT algorithm go awry, where a large
amount of orders are placed erroneously or where the orders should not
have passed order validation, the Sponsor will incur a substantial
timelag in addressing the issue. From the moment the Sponsor�s
representative detects the problem until the time the problematic
orders can be addressed by the Sponsor, at least two mintues will have
passed. The Sponsor�s only tools to control Sponsored Access flow are
to log into the Trading Center�s website (if available), place a phone
call to the Trading Center, or call the Sponsee to disable trading and
cancel these erroneous orders � all sub-optimal processes which
require human intervention. With a two minute delay to cancel these
erroneous orders, 120,000 orders could have gone into the market and
been executed, even though an order validation problem was detected
previously. At 1,000 shares per order and an average price of $20 per
share, $2.4 billion of improper trades could be executed in this short
timeframe. The sheer volume of activity in a concentrated period of
time is extremely disruptive to the process of maintaining a �fair and
orderly� market. This shortcoming needs to be addressed if the
practice of Naked Access is going to be permitted to continue;
otherwise, the next �Long Term Capital� meltdown will happen in a five-
minute time period.
rajum02
07-11 11:00 PM
All- Here is a link from Hammond Law Group, LLC on Immigration Alert.
http://www.hammondlawfirm.com/alerts/visa_bulletin_mess.htm
Immigration Alert
July 11, 2007
Visa Bulletin Mess Update: Rumors and Innuendo
HLG has confirmed that the CIS is not returning I-485 Applications back to those who filed I-485 during the first week of July. This is leading many to speculate that the CIS may reverse course and re-re-amend the July Visa Bulletin; whether the Visa Bulletin actually reopens remains to be seen. HLG normally refrains from commenting on rumors, but we have talked to several Washington insiders and believe that this is seriously being considered
http://www.hammondlawfirm.com/alerts/visa_bulletin_mess.htm
Immigration Alert
July 11, 2007
Visa Bulletin Mess Update: Rumors and Innuendo
HLG has confirmed that the CIS is not returning I-485 Applications back to those who filed I-485 during the first week of July. This is leading many to speculate that the CIS may reverse course and re-re-amend the July Visa Bulletin; whether the Visa Bulletin actually reopens remains to be seen. HLG normally refrains from commenting on rumors, but we have talked to several Washington insiders and believe that this is seriously being considered