On: SEC charges E*Trade, 5 others, for front running

[vaksel]

Seems like a very small fine. I'm sure eTrade made a ton more money than the 34 million they were charged.

[gaika → vaksel]

Just think how much they will lose in customer trust because of that. I pulled everything out today.

[chris11 → gaika]

Yeah. I'm willing to forgive most blunders, and I am not actually investing in the stock market yet. But when I do I'd highly doubt that I'd ever E trade.

[ojbyrne → vaksel]

It seems to me that class action suits would be next, since customers would have to had to pay more for stocks based on these transactions.

[ggruschow → vaksel]

I doubt it. E*Trade's traders ("specialists") on CHX & Cinci weren't really making that much.