State Securities Official Warns of Online Trading, Investing
Potts, Gregory, THE JOURNAL RECORD
Irving Faught, administrator of the Oklahoma Securities Commission, wants people to be aware of the risks of online investing and trading.
"There is no question that the Internet and online investing have leveled the playing field between Wall Street and Main Street and driven transaction costs down," said Faught. "However, investors need to understand that technology is not infallible, particularly in start-up industry. Investors also need to recognize that there is a big difference between online investing and online trading."
Faught urged investors not to be confused by the allure of quick profits from online trading. "Profiting from day trading takes special …
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Publication information: Article title: State Securities Official Warns of Online Trading, Investing. Contributors: Potts, Gregory - Author. Newspaper title: THE JOURNAL RECORD. Publication date: March 9, 1999. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.
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