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matrix

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matrix

Re: glaszman post# 80388

Monday, 05/21/2007 3:36:34 PM

Monday, May 21, 2007 3:36:34 PM

Post# of 159752
Credit card transactions and banking payments are governed by Federal Reserve regulations which impose a strict limit on customer losses when theft occurs. There isn't the same in place today protecting brokerage accounts from hackers.

Some brokers though offer cc-style guarantees on their own. Who knows whether they'll continue if incidences keep rising. Hopefully, some day regulations will materialize in this area to protect everyone.

-----
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett

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