Word: broker
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Dates: during 1990-1999
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ONLINE TRADERS BEWARE Ever tried to get your broker on the phone for an urgent trade, only to be greeted by a constant busy signal? That's what happened to E*Trade customers for three days last week when a software glitch prevented the site from executing trades for an hour or two. The incident, which came only a week after SEC chairman Arthur Levitt warned traders about the dangers of Net stock mania, spurred New York State's attorney general to launch an investigation into the booming industry. Some online brokers, hit with a flood of service complaints...
...have two basic choices: to sell short, which means borrowing shares from a broker and selling them in the hope that you can later buy them back lower and pocket the difference; or to buy "put" options giving you the right to sell stock at a preset price by a preset date. These are simple trades that any broker can handle. But each poses problems that are magnified with Net stocks...
...broker tries to persuade you to buy class-B mutual-fund shares instead of class A, make sure it's in your best interest, not just his. The sec is investigating whether certain brokers favor B shares because of fatter commissions. Even though B shares bear no up-front sales charge, they normally carry high early-redemption and annual fees and generate lower long-term returns than class-A shares...
...Even if the region?s hardworking Western observers broker a deal over the captive soldiers, the respite may be temporary. ?The reason for the lull in fighting is less because of the cease-fire than because of the weather,? says Anastasijevic. ?The issues underlying the conflict remain unresolved, but it?s difficult to fight in minus-20-degree temperatures. When the snows melt in a month or two, the war will probably resume.? And that will put Washington right back in its Balkan bind...
Legal guidelines for what must be in a prospectus are vague in these areas. That said, most are still jammed with pertinent information. And where disclosure is lacking, there's typically a tipoff that you should check further--on the Internet, in the annual report or with a broker or analyst. In Infinity's case, the prospectus briefly alludes to the risk of losing "on-air personalities" with "significant loyal audiences...