Millions of Americans now invest for their future from their own living rooms. While the vast majority of on-line traders ably serve their customers, the uncertainty of the internet allows for unscrupulous con artists to take advantage of consumers on the Internet. This act will help protect individuals who choose to engage in online trading from exploitation. Schumer's bill is the first legislation directly addressing problems that have arisen from the tremendous growth in online investing. Require online brokerages and investment advisors to provide Internet links to investor education and fraud prevention web sites.
Online trading gives investors the opportunity to decide for themselves where their money is put.