Word: sec
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Dates: during 1990-1999
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...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, are trying to temper customer enthusiasm: Waterhouse Securities prohibits Web trading of certain volatile...
...Wildcats lost for the first time in six games. They saw their 15-game SEC road winning streak snapped as Scott Padgett went 1-for-9 from the floor and failed to score until the last 30 seconds...
...counts of criminal fraud and conspiracy; in New York City. The U.S. alleged that the partners, who produced such Broadway extravaganzas as Showboat and Ragtime, led an eight-year scheme to fake earnings or hide financial losses and siphon off some $4.6 million. In a separate civil complaint, the SEC charged the two with securities fraud. Drabinsky denied the charges and blamed the company's "new management" for the imbroglio...
...long-distance rates still aren't cheap enough for you, listen up--to the advertisement playing on the telephone. Last week BroadPoint Communications introduced a service that gives consumers as much as two minutes of free long distance for every 10-to-15-sec. targeted ad they hear. Already 40,000 callers have surfed to www.broadpoint.com to fill out a detailed questionnaire and obtain a PIN for the 800 service, known as FreeWay. Of course, with long-distance rates already as low as 10[cents] to 15[cents] a minute, listening to yet another Blockbuster or T.G.I. Friday's pitch...
...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...