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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Morpher who wrote (8326)	7/11/2000 10:20:59 PM
From: TFF	Read Replies (3) \| Respond to of 12617

"Once a firm delivers the risk-disclosure statement, the firm has two options. It can approve the customer's account for day trading if it has ``reasonable grounds for believing'' that day trading is appropriate. Or, it can approve opening an account but get a written agreement from the customer that the customer does not intend to use the account for day trading" Sounds like the Day Trading firms have to determine suitability of the client. Should be interesting how they define suitability. I guess the proposed minimum equity rule got left in the trash bin.

To: Morpher who wrote (8326)	7/11/2000 10:45:49 PM
From: Dominick	Respond to of 12617

Once again, Mr and Mrs America is mandated to have a government baby sitter. We just aren't capable of making decisions.

To: Morpher who wrote (8326)	7/12/2000 12:41:54 PM
From: davealex	Respond to of 12617

Last July 29, disgruntled day trader Mark Barton went on a rampage at Atlanta day-trading firms, killing 12 people and wounding 12 others before killing himself. Boy, they just have to throw that in every story about day trading, don't they? Dave

To: Morpher who wrote (8326)	7/17/2000 9:52:29 PM
From: Morpher	Read Replies (2) \| Respond to of 12617

From my site (http://www3.cybercities.com/n/nft/): All-Tech and Stock USA Charged by NASD quote.bloomberg.com Bloomberg reports that All-Tech and Stock USA day trading firms were charged by NASD with supervisory failures. In addition All-Tech and its chairman Harvey Houtkin were also charged with using misleading advertising in print and radio advertisements. All-Tech was charged with failing to properly supervise employees who arranged $131 million in loans between customers with account balances below minimum thresholds and letting Jeffrey Sadowski in its Chicago branch provide training and execute trades for customers even though he was barred by the SEC. Stock USA was charged with allowing a person to recruit customers and give them investment advice even though he wasn't properly registered and was barred from associating with a brokerage because of a criminal conviction. Decimal Trading Impacts ECNs dailynews.yahoo.com Reuters carries a story by Mark Weinraub about how decimal trading will change ECNs. Some analysts think that ECNs will need a shakeout and consolidation to survive lower profit margins and competition. The author doesn't seem to understand how ECNs or Nasdaq market makers work so this story has to be taken with a large grain of salt.