Are Day Traders Getting a Bad Rap?
Traders Magazine, July 1999
The way James H. Lee sees it, it's not paranoia if they're truely out to get you.
Lee, president of the Electronic Traders Association, in Houston, Texas, said state regulators are engaged in what he called an inconsistent, random, unfair, and politically motivated campaign to usurp securities industry self-regulatory organizations' legitimate oversight of day trading firms. State regulators are creating new legal and regulatory justifications retroactively through enforcement actions, he claimed.
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