SEC issues $50,000 fine to on-line brokerage

Article Abstract:

Datek Online, the fourth-bbiggest Internet broker, has been slapped with a $50,000-fine by the Securities and Exchange Commission (SEC) on May 18, 1999. The SEC's action, the first of its kind against an online brokerage company, came after a review of the company's trading policies revealed that the firm used as much as $50 mil a day of its clients' money to finance its expenses. Under the sanctions, Datek also agreed to employ an independent consultant to monitor its online dealings.

Government regulation (cont), Securities Brokerage, Stockbrokers, Datek Online Brokerage Services L.L.C.

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Colt CEO shifts to high-tech guns

Article Abstract:

Colt's Manufacturing CEO Steve Sliwa has refocused his firm's strategy to the development of so-called 'smart guns.' Smart guns can be activated by their owners only with the use of secret radio signals. Colt has also developed and is marketing a lightweight sports rifle. Sliwa's innovative strategies come at a time when Colt and the entire gun industry is being faced with numerous lawsuits for negligence and liability for crimes committed with guns.

Strategy & planning, Small Arms Manufacturing, Small Arms, Colt's Manufacturing Company Inc.

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