PERSONAL INVESTING IN CYBERSPACE AND THE FEDERAL SECURITIES-LAWS

With the advent of computer networks, the traditional sense of geograp hical space as it was known to explorers of earlier times was becoming obsolete. It had been replaced by a different notion, the idea of cyb erspace. Traveling from a computer in suburban Los Angeles to a comput er in Singapore was a matter of typing one command on a keyboard.(1) T his article explores how computer and on-line capabilities are affecti ng personal investing and examines how federal securities laws may be implicated.