Commentary

Jared Dillian
Traders Magazine Online News

Was it Worth It?

In this piece from 10th Man, author Jared Dillian discusses how the ETF revolution is less about ETFs and more about indexing; about how people have come to view stocks less as stocks and more as blobs of stocks.

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April 1, 2003

End of the WORM?

By Gregory Bresiger

Wall Street, which has pressured regulators to approve the use of advanced systems for storing electronic documents, may get its wish. The change would lift the requirement that firms use only so-called WORM (write once, read many) technology for archiving files such as e-mail.

The Securities Industry Association notes that rule 17a-4, which regulates the storage of electronic information, is a decade old. It is no longer suitable for storing huge reams of data, the group said. The SEC, in response, may soon ease its archive rules.