Free Site Registration

Are Day Traders Getting a Bad Rap?

Traders Magazine, July 1999

William Hoffman

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.

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?