Word: commissioners
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Dates: during 1990-1999
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There are plenty of risks for investors in this brave new e-world. So-called boiler-room operators who tout highly speculative or fraudulent stocks in order to unload them at a profit--pump and dump in the parlance--can reach vast audiences through chat rooms and bulletin boards. The...
The market leader has been Charles Schwab, which commands nearly a third of the online trade business--or 1.5 million accounts--despite a $29.95 commission, which is three times higher than the deep discounters charge (see chart). Schwab's secret has been to knock down the wall between its online...
Meanwhile, Schwab's rivals are rolling out some fancy features of their own. E*Trade, which has more than 400,000 accounts with $10.2 billion in assets, last year acquired OptionsLink, an electronic service that helps companies manage employee stock-option plans. Datek offers free real-time stock quotes--a...
In the next significant--and much less entertaining--phase of futurology, the year 2000 was taken over by the think tanks. Most notably there was the Academy of Arts and Sciences Commission on the Year 2000, set up in 1966 (rather rushing things). It was headed by the distinguished sociologist...
Sources: New England Journal of Medicine; British Medical Journal; Consumer Product Safety Commission