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To: geotrader who wrote (6241)1/19/1999 1:01:00 AM
From: Paul K  Read Replies (1) | Respond to of 12617
 
Nasdaq panel to scrutinize Net stocks
Extraordinary volatility prompts securities industry watchdog group to establish special committee

zdnet.com

"...The committee - which could recommend changes in the way stocks are traded on the dealers' exchange - does not appear to include representatives of major online brokerages, who conduct much of the trading in Internet stocks. But it does include traditional market makers, who can be adversely affected by wild swings in the values of individual stocks..."

"...While the NASD won't disclose who sits on the subcommittee, online brokerages appear to be scarce. Charles Schwab & Co., which owns market maker Meyer & Schweitzer, is on the committee. Ameritrade, Datek Online Holdings, E*Trade Group and Waterhouse Securities are not on the committee. Fidelity Investments did not return calls..."