PR Newswire
An Internet investor, Ashok Aneja, today filed an arbitration with the National Association of Securities Dealers against Web Street Securities, Inc. alleging that they failed to timely execute his market orders to sell securities at the opening bell on Monday, November 30, 1998, causing substantial losses. When Mr. Aneja discovered the mistake he immediately contacted […]
CNBC
The flood of trading at online broker E*Trade Group Inc. slowed to a trickle again Thursday, as technical glitches prevented customers from buying and selling shares for the second straight day. The outage was not just damaging for E*Trade though, as it focused renewed attention on the reliability of the Web as conduit for stock […]
Washington Post
Thousands of customers of E-Trade Group were frozen out of the stock market during peak trading hours this morning, when the start-up trading house that rode technology to become a major player in the securities business was frozen by a software glitch. At 10:15 a.m., customers trying to buy and sell stocks online and through […]
Newsday
STRATTON OAKMONT, a large penny stock “boiler room” operation formerly based in Lake Success, left a trail of wreckage behind when regulators closed it for fraud in December, 1996. That wreckage has just begun to surface in court documents and reports as regulators and a bankruptcy trustee work to untangle the mess. Newsday earlier this […]
Naples Daily News
Several days before New York and Florida agents raided his Port Royal mansion and stock brokerage firm in April, Anthony “Tony” Marchiano discovered an undercover agent had infiltrated his Naples office. The new guy, a cold caller, was quietly dismissed. Later, Marchiano’s wife told some of the brokers this: Marchiano carries a small device to […]