Ipos: Pleasing Institutions While Protecting Individuals?

Regarding your article "Beware the IPO market" (Cover Story, Apr. 4), thank you for bringing this problem to the attention of those who are in a position to change the laws concerning these stock presentations. As an active and serious investor for over 12 years, I can certainly attest to the fact that there have been a multitude of times when I wished to purchase certain stocks before they were issued--only to find out that I didn't stand a chance.

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