There is nothing more exciting and frustrating than trading stocks on the Internet. Mr. Schulz knows this very well. Not only has he had his own accounts with the major discount firms for over 20 years, he now has his own accounts with each of the major Internet firms. The complaints about on-line and Internet trading have escalated with the surge in trading volume in 1999. Invest has heard virtually every conceivable complaint there is.
The SEC and NASD thus far have been a bit slow in monitoring, much less correcting the online problems. Mr. Schulz has written four articles on the subject, which are listed below.
"No Duty – Does Suitability Apply to Internet Brokerage Firms?". Published and presented at Public Investor’s Arbitration Bar Association, PIABA October, 2000. The article address the position of internet firms that say they have no duties as it relates to “suitability” and the “Know Your Customer Rule”. E*Trade is discussed specifically.
In October of 2000 Mr. Schulz spoke at the Public Investor’s Arbitration Bar Association (PIABA) annual meeting on internet trading. In 1999, Mr. Schulz also spoke and gave computer demonstrations on the mechanics and problems of Internet trading at the national Practicing Law Institute annual seminar on Securities Arbitration in San Francisco, California and at the Public Investor’s Arbitration Bar Association (PIABA) annual meeting in Palm Desert, California.
Mr. Schulz is well qualified to address any issues you have regarding online or Internet trading.
