Day trading fades as regulators shrink storefront firms
In Santa Clara and San Jose the once booming storefront day trading scene has shrunk by a third or more. Regulators have imposed stricter rules, investors face higher capitals, and traders now work more from home with fewer profits. Only a minority at firms like ProTrader regularly earn money.
MENTIONED IN THIS ARTICLE
Knight Ridder
Ron Limb
ProTrader Securities
Santa Clara
Calif
Limb
Paul Hong
ProTrader
Silicon Valley
Legato Systems
Analytic Trading
San Jose
North American Securities Administrators Association
San Jose Mercury
Judith Carson
Retailers lure buyers with credit incentives and risks
Retailers push private-label store cards to boost spending, claiming cardholders spend more and shop more often. GE Card Services links higher annual retails spend to card ownership, while counselors warn against too many cards, citing a couple with 93 active cards. Neiman Marcus launched the InCircle rewards program 17 years ago.
MENTIONED IN THIS ARTICLE
Knight Ridder
GE Card Services
J.C. Penney Co
Wal- Mart Stores Inc
The
Gap
Bettye Banks
Consumer Credit Counseling Service
Greater Dallas
Foley’s
Neiman Marcus
GE Capital
Wero
KRT
Dallas Morning Urce Eard Serv News
Store cards push shoppers with perk laden loyalty programs
Retailers like Neiman Marcus Wal Mart and Kohl s have expanded reward programs offering luxury gifts travel miles and store dollars to cardholders. Analysts warn high finance charges accompany many revolving store cards while urging shoppers to avoid carrying balances.
MENTIONED IN THIS ARTICLE
Jeff Netzer
Neiman Marcus
Lexus
North Pole
United Airlines
Wal-Mart Stores Inc
Annuity Warnings From NASD and SEC Caution Investors
NASD alerts warn unsuitable sales of variable annuities amid exchange driven growth and investor confusion. SEC cautions include no tax advantage for tax qualified accounts and penalties from 1035 exchanges. guidance urges careful evaluation of bonus annuities and surrender charges. Susan Bondy invites reader questions at The Gazette Cedar Rapids.
MENTIONED IN THIS ARTICLE
NASD
SEC
Sec.gov
Susan Bondy
Susan
Gazette
Third Ave
Cedar Rapids
Gtii
Money market fund yields fall across week
The seven day and 30 day yields on money market mutual funds declined in the week to Tuesday. Bankrate.com survey shows small rise in money market account yields across the top markets. Retail assets rise to 1.072 trillion with taxable money market funds up 2.04 billion.
MENTIONED IN THIS ARTICLE
New York
Money Fund Report
iMoneyNet Inc
Westboro
Mass
Money Funds
Bankrate.com
Investment Company Institute
Also Mentioned on This Page
By Deborah Lohse
Wal-Mart
Montgomery Ward
Visa
Master. Card
American Express
Pier 1
Kohl’s Corp
Kohl’s
Sylvia Brim
CPA
CFP
Third Avenue
Town C. Exses
C.F.P
Investments
Pecumlice Corporation of
Iowasipc
Dana Heavy
Easource
Bondy
Creators Syndicate Inc
North Palm Beach, Fla.based
Bankrate Inc
Phelan
Phelansinteriors.com
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