Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Spytrdr who wrote (12043)	2/26/2000 9:08:00 AM
From: Curtis E. Bemis	Respond to of 13953

This is pretty good--"Day-trading exec lashes out at Senate panel" cbs.marketwatch.com snip Houtkin questioned the panel's emphasis on trader profitability, arguing that major brokerages and online trading firms aren't held to the same scrutiny. "When was the last time Merrill Lynch did a survey on how much money their customers made, or Dean Witter, or PaineWebber ..." Houtkin asked. Meanwhile, the panel has ignored online trading firms, such as E-Trade (EGRP: news, msgs), Waterhouse [s; twe], Ameritrade (AMTD: news, msgs), Donaldson Lufkin & Jenrette (DLJ: news, msgs), which have thousands of clients who engage in day trading, Houtkin charged. "These are the people who tell me at E-trade that if I open up an account I'll have money coming out of the wazoo," he said, referring to a popular television commercial for the brokerage end snip