B. Black, Securities regulation in the electronic age: Online trading, discount broker's responsibilities and old wine in new bottles, SECUR R LAW, 28(1), 2000, pp. 15-35
The recent growth of online trading has allowed a new class of inexperience
d investors to enter the market and altered the traditional broker-customer
relationship rn this article the author examines the regulatory consequenc
es of these developments and the difficulties in applying traditional broke
r obligations to online discount brokers.