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Online trading under scrutiny

Online broker Schwab plans to add message boards and chat to its site even as state and local governments are beginning to scrutinize Internet stock trading.

Online broker Schwab plans to add message boards and chat to its site even as state and local governments are beginning to scrutinize Internet stock trading. Message boards carry potential legal hazards thanks to users shilling or panning stock of particular companies. Meanwhile, a California state senate panel is holding hearings on day trading.

Schwab plans message boards, stock chat
The online broker discloses that it will add "community" features to its site next quarter, but some observers warn that the move could be legally dangerous.

Schwab exec: Don't regulate day trading
The hazards of day trading are best addressed through education, not new laws, says a top official of the No. 1 online brokerage.

N.Y. attorney general creates Net bureau
New York's new attorney general says he's creating a bureau to investigate online trading, consumer scams, privacy issues, and child pornography.