Daytrading and Stock Trading Addiction Message Board

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Pastimes : Daytrading and Stock Trading Addiction

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To: marie fouchia who wrote (322)	6/7/1999 4:18:00 PM
From: Sword	Read Replies (2) of 330

Brokerages Plan Trading Restrictions Looks like your concerns about liability are spreading..... UNLIKE THEIR DISCOUNT-ONLINE competitors, who generally say they aren't responsible for their customers' trading decisions, Merrill Lynch & Co. and other big firms are being more watchful. In new accounts combining traditional-brokerage services with online access, brokers can monitor customer activity and, in some cases, may even stop what they consider excessive or inappropriate trading. But the big firms face a quandary when they seek to mix brokerage advice with the freewheeling Internet. While their approach appears to reduce the risk that investors will make an unsuitable investment, it also could increase the firms' own liability. msnbc.com -Sword

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