As far as I’m concerned, for most individuals, the stock market is best used for investing, not trading. And, it’s important to make that distinction. . . I worry about how some on-line firms advertise. Quite frankly, some advertisements more closely resemble commercials for the lottery than anything else. When firms, again and again, tell investors that on-line investing can make them rich, it creates unrealistic expectations.
- SEC Report of Examinations of Day-Trading Broker-Dealers (2/25/00)
- Testimony of Arthur Levitt Concerning Day Trading (9/16/99)
- What the regulators say from CNNfn (9/1/99)
- State securities regulators highlight problems with day trading (8/9/99)
- An Analysis of Public Day Trading at a Retail Day Trading Firm by Ronald L. Johnson (8/9/99)
- Report of the Day Trading Project Group Findings and Recommendations (8/9/99)
- See also Day-Trading Firms Criticized from the San Jose Mercury (8/9/99) and Day-Trading Firms Faulted for Deception in the San Francisco Chronicle (8/10/99)
- Tips for Online Investing: What You Need to Know About Trading In Fast Moving Markets and Trade Execution: What Every Investor Should Know from the SEC
Arthur Levitt in Plain Talk About On-line Investing from the SEC (5/4/99)
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