English

DTIC ADA398279: Securities Operations: Update on Actions Taken to Address Day Trading Concerns

In 1999, day trading 1 began to receive intense scrutiny from state and federal regulators and the Congress because of concerns that it posed significant investor protection and market integrity issues. In particular there was concern that broker-dealers promoting day trading as a strategy (day trading firms) sometimes used questionable advertising to attract customers without fully disclosing or by downplaying the risks involved. Many were also concerned that traders were losing large amounts of money by using a day trading strategy. Report to Congressional Requesters

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