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05/21/07 3:36 PM

#80397 RE: glaszman #80388

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.