Department Of Justice Approves SIA Plans For Year 2000 Data Sharing


WASHINGTON DC--The US Department of Justice's anti-trust division has approved a plan proposed by the Securities Industry Association (SIA) to allow securities firms to exchange information on their Year 2000 compliance efforts. The anti-trust division found that exchanges of Year 2000 information would not threaten competition, provided that securities firms do not reveal pricing or customer information.

The SIA, together with the Securities Exchange Commission (SEC), is proposing two types of

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