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Has anyone sued the scools for wrongful death in their childrens death? Has
anyone sued the cities for wrongful death in drive by shootings? You only
sue if you have an attorney that sees a dollar in it for himself.
Gwenael Gautier wrote:
> Found this:
> Gwenn
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
> Trouble for Day-Trading Firms
>
> A Senate subcommittee panel held hearings yesterday about the business
> of day trading. Unfortunately, the press allowed a dramatic but not
> wholly relevant story to distract it from the real issues. Obviously,
> there are huge problems with the day-trading industry. As most
> reporters noted, a study by securities regulators in the state of
> Washington found that 77 percent of day traders lose money. The AP
> reported that Senate investigators "estimate that day traders need to
> make more than $111,000 a year in their trading to turn a profit."
>
> Furthermore, many reported, illegal margin loans can plunge customers
> further into debt. Yesterday, wrote the AP, the National Association
> of Securities Dealers announced that it had disciplined eight
> day-trading firms for misleading advertising, misusing customer funds
> and making improper loans.
>
> But much of that serious work was obscured by the story of Scott Webb,
> who, the AP reported, was shot and killed by fellow day trader Mark O.
> Barton, to whom he owed $30,000. According the Washington Post, Webb's
> mother, who spoke to the congressional panel, is now suing the
> day-trading firm Momentum for wrongful death. While Webb's death was
> certainly horrific, none of the stories that spotlighted it explained
> exactly how such a murder could be blamed on the industry rather than
> on a single deranged individual. Perhaps day trading drove him mad?
> The media didn't exactly say. Instead, stories simply inserted
> paragraphs about the crime along with news of the other misdeeds of
> day-trading firms. While it's hard to muster up sympathy for the
> firms, the media might have asked harder questions about Momentum's
> culpability. After all, day trading had nothing to do with this
> country's many other shooting sprees. Who is to blame for those? -
> Michelle Goldberg
>
> Panel Hears Day-Trading Dangers (AP)
> http://www.mercurynews.com/svtech/news/breaking/ap/docs/248954l.htm
>
> Senate Panel Criticizes Day-Trading Firms
> http://cbs.marketwatch.com/news/current/daytrade.htx?source=htx/http2_mw
>
> Day Trading: A Study in Temptation
> http://washingtonpost.com/wp-srv/business/feed/a26944-2000feb24.htm
>
> U.S. Senate Panel Takes Aim at Day-Trading Firms (Reuters)
> http://www.mercurynews.com/svtech/news/breaking/internet/docs/248559l.htm
>
> Senators Lambaste Day Traders, Industry
> http://www.usatoday.com/money/mds5.htm
>
> Many Day-Trading Firms Violating Law, Study Says
> http://www.latimes.com/business/20000224/t000017745.html
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