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Non-Tech : MB TRADING
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To: bobby is sleepless in seattle who wrote (4163)3/1/1999 11:33:00 AM
From: peter michaelson  Read Replies (1) of 7382
 
I agree, Bobby, this is the prudent attitude.

The New York Times is a highly reputable publication, obviously. But, yes, they do make mistakes. Interesting that their 'expose' of Datek last spring seems to have had no repercussions whatever.

I hope that we learn more. All of the new brokerages and ECN's are pretty much unknown quantities, with reputations not yet proven through the test of time. And it is a fact that many unscrupulous people are attracted to the securities industry.

This is not to say that I have an opinion about MBT's integrity. They do provide very excellent service. And their response to the NYT article was very respectable.

Nevertheless, I look forward to more information. I wonder if Goldman will publish any reaction to the article.

Peter

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