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Pastimes : SI vs. iHub - Battle of the Boards Part 2 -- Ignore unavailable to you. Want to Upgrade?

To: CountofMoneyCristo who wrote (2528)	5/24/2001 4:26:00 PM
From: smchan	Respond to of 5315

That's interesting... UndergroundTrader used to promote MB Trading. Changing alliances, I suppose? Sam

To: CountofMoneyCristo who wrote (2528)	5/24/2001 4:29:21 PM
From: CountofMoneyCristo	Read Replies (1) \| Respond to of 5315

stock-operators.com Headline story, Money&Business Section, published in The New York Times, October 15, 2000: Payment for customer orders is common among brokerage firms. But the Securities and Exchange Commission requires such deals to be disclosed to customers, and the National Association of Securities Dealers prohibits the payment of such referral fees to unregistered individuals or entities like chat rooms. To support his assertion, Mr. Asser points to two e-mail messages from Trading-places to brokerage firms discussing the terms of such deals. One message, written last May to an electronic brokerage firm specializing in futures, says that Trading- places will be paid $6 for each round- trip trade - trades getting in and out of a position - by a client referred by the Web site. The other e-mail message, to another futures broker, confirmed discussions with Trading- places about the Web site receiving $5 per round-trip trade by a Trading- places participant. Mr. Rea said the arrangements were never consummated. If they had been, he said, Trading-places would have registered to operate as a so-called introducing broker, making the payments legitimate. All other payments he receives from brokerage firms are for advertising on his site, Mr. Rea said. One of those firms, CyberCorp, a subsidiary of the Charles Schwab Corporation, said late Friday that it was reviewing its relationship with Trading-places.