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Online trading draws crowds, scrutiny

The phenomenon of trading stock online has created new opportunities for individual investors, but regulators remain concerned about the practice.

CNET News staff
 
  latest developments 

The phenomenon of trading stock online has created new opportunities for individual investors, who are flocking to the Net in droves. But all the activity also has attracted the scrutiny of regulators.

"Our mission is not to prevent losers or to modulate the sometimes mercurial movement of our markets."

-Arthur Levitt, SEC chairman

 
SEC urges more protection for investors
Prompted by rapid growth and increasing complaints of fraud and other abuses, government Virtual Wall Street regulators are calling for more investor protection in online stock trading.

Exec: Schwab emulating Net stocks
David Pottruck, co-CEO of Charles Schwab, says the company's shares have had the same kind of price swings as Internet stocks.

630,000 stock trades a day online
Online brokerages processed a record 630,000 trades a day in April, thanks to investments in companies that do business on the Internet, a new report shows.