Reuters: Top U.S. Brokerages Spent Over $1 Bln On Y2K

The top eight U.S. brokerages have spent more than $1 billion to ensure that their systems are Y2K compliant, Securities and Exchange Commission Chairman Arthur Levitt said Friday.

The top eight U.S. brokerages have spent more than $1 billion to ensure that their systems are Y2K compliant, Securities and Exchange Commission Chairman Arthur Levitt said Friday.

Read the story.