10 years ago
in a congressional hearing on day trading in US
a report concluded that “a growing number of people are giving up their existing careers or withdrawing their savings to become full-time professional day traders.”
concurrent investigations were launched...............
..........all of these investigations expressed concerns
about the potentially deceptive advertising practices employed by day trading firms.
as a result of these investigations, the NYSE and NASD adopted rules
that required day trading firms to make a determination
that day trading is appropriate for a particular customer.
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