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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?


To: thinkbach who wrote (11419)2/3/2000 5:37:00 PM
From: SLSUSMA  Read Replies (2) | Respond to of 13953
 
So the SEC fines them millions for cheating in billions? Sounds like running a traditional brokerage is the business to be in.



To: thinkbach who wrote (11419)2/3/2000 5:59:00 PM
From: Spytrdr  Read Replies (2) | Respond to of 13953
 
all of them market makers.

___
"Among those penalized were PaineWebber, fined $6.3 million; J.P. Morgan, fined $1.27 million and ordered to repay $42,218 in allegedly illegal profits; Prudential Securities Inc., fined $1 million and ordered to repay $1,361; Salomon Smith Barney Inc., fined $995,000 and ordered to repay $27,988; Morgan Stanley Dean Witter & Co., fined $350,000 and ordered to repay $4,170; and Merrill Lynch, fined $472,500. Brokerage firms involved in the settlement also include Bear Stearns & Co. Inc.; Cantor Fitzgerald & Co.; S.G. Cowen Securities Corp.; CS First Boston Corp.; Donaldson, Lufkin & Jenrette Securities Corp.; Gruntal & Co.; Hambrecht & Quist; Herzog, Heine, Geduld Inc.; Jefferies & Co. Inc.; Legg Mason Wood Walker Inc.; Lehman Brothers Inc.; Mayer & Schweitzer Inc.; Olde Discount Corp.; CIBC Oppenheimer Corp.; Piper Jaffray Inc.; Raymond James & Associates Inc.; Robinson-Humphrey Co.; Sherwood Securities Corp.; Spear, Leeds & Kellogg; Tucker Anthony Inc. and Warburg Dillon Read."



To: thinkbach who wrote (11419)2/3/2000 6:31:00 PM
From: Curtis E. Bemis  Respond to of 13953
 
Yup, and *our* favorite book--"License to Steal" is pretty
revealing also. After reading that, you would certainly
boot your broker--in the wazoo ;-)

I passed my copy off to my investing siblings, the ones I
helped get an E*Trade account--for Xmas