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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder]
MPEG 0.0001000-80.0%Aug 29 1:17 PM EST

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To: DiViT who wrote (5480)5/29/1998 1:04:00 PM
From: DiViT   of 6297
 
E*Trade chat plans face scrutiny

By Beth Lipton
Staff Writer, CNET NEWS.COM
May 29, 1998, 6:20 a.m. PT
Federal regulators and lawmakers today are weighing the implications of a plan by online brokerage E*Trade to add chat to its investment site.

As previously reported, E*Trade is planning to roll out a chat function, which is currently being tested, among other new features, as part of its Destination E*Trade project. Henry Carter, vice president of compliance for E*Trade, announced that the addition of chat was imminent at a recent National Association of Securities Dealers (NASD) conference.

Users will be able to log on to chat to discuss investment strategies and large and mid-sized stocks, Carter said. He noted that chat about so-called micro-cap or penny stocks will be prohibited because those stocks "are most likely to be manipulated" by rumors in a chat room.

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