SEC issues Warning for Online Stock Traders

The Securities and Exchange Commission announced a warning yesterday for online stock traders to be careful in their online dealings.

This is the first warning of its kind from the SEC, and one prompted by an onslaught of complaints over the last few months. Just 6 months ago, this was not a concern for the SEC, Susan Wyderko told USA Today in an interview. A page has been created outlining how to protect yourself and what to do if you encounter a problem.

With new federal regulations being imposed on financial institutions, companies in this sector are working hard to improve the security of their sites. Earlier this year, E-Trade implemented a two-factor authentication option - the first of its kind from any large US financial institution. Online stock trading warning issued

Linked by shanmuga Friday, 4th November 2005 9:31PM