Toscano,
Schwab Street Smart Pro has been given to me for free... as soon as I become more familiar with it..
Schwab could improve it for option traders if it had the capability to give regional option quotes and full screen option chains. If they combined this with their new commission schedule effective next month and allowed you to route the order via the web they could attract active option traders.
I know that OptionInvestor newsletter has been mentioned here before so this might be of interest.
sec.gov
1. SEC v. Sunset Investment Group, Inc., James Brown, Pinnacle Capital Advisors and Austin Tanner
(U.S. District Court, District of Colorado)
(SEC Contact: Katherine S. Addleman, 303-844-1070)
The SEC alleges that Sunset Investment Group, Inc., James Brown, Pinnacle Capital Advisors, and Austin Tanner made false and misleading performance claims and testimonials that appeared on three different websites – OptionInvestor.com, SplitTrader.com, and NetBulls.com – and in press releases. All three sites provide stock and market analysis and publish a stock advisory newsletter offering stock analysis, trading strategies, and trading recommendations. All are operated by Sunset Investment Group and its president and sole shareholder, Brown, a resident of Littleton, Colorado. Tanner, from Westchester, Illinois, and his company, Pinnacle Capital, were hired by Brown to create the homepages of the websites. According to the complaint, OptionInvestor.com claimed actual returns ranging from 60% to 240% for subscribers who followed its trading philosophy and trading recommendations. The SEC alleges that all of the performance claims were hypothetical, not actual, and that it was impossible for subscribers to achieve similar results. The SEC also alleges that SplitTrader.com and NetBulls.com posted on their homepages false and misleading testimonials that praised the performance of the sites. The SEC claims that the testimonials were copied almost verbatim from the OptionInvestor.com homepage and had nothing to do with the performance of either SplitTrader.com or NetBulls.com. Without admitting or denying the allegations in the complaint, Sunset Investment Group and Brown consented to the entry of an order that enjoins them from violating Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 under the Exchange Act, and agreed together to pay a civil money penalty of $70,000. The SEC also seeks permanent injunctive relief and civil money penalties against Pinnacle Capital and Tanner.
Regards,
Ken |
