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E*Trade Securities Ordered to Compensate Investors for Losses

A National Association of Securities Dealers (NASD) arbitration panel awarded $38,000 to a customer of E*Trade Securities. The customer suffered losses after he relied upon E*Trade's issuance of an erroneous price for options on America Online. The customer claimed negligence and breach of fiduciary duty against E*Trade.

Source: CNET NEWS.COM, October 30, 2000


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