Business
SEC to release online brokerage report
The Securities and Exchange Commission will soon release a report about online trading and the suitability of investment advice that comes from Internet brokerages compared to advice from traditional firms.The growing number of investors shunning human brokers to trade on their own through the Internet has raised questions about the suitability rule and how it applies to online brokerages, said SEC Commissioner Laura Unger, who is preparing the report.
The Securities and Exchange Commission will soon release a report about online trading and the suitability of investment advice that comes from Internet brokerages compared to advice from traditional firms.
The growing number of investors shunning human brokers to trade on their own through the Internet has raised questions about the suitability rule and how it applies to online brokerages, said SEC Commissioner Laura Unger, who is preparing the report. Story to follow. --Reuters
See also: ZDNet News Internet section.