A new report issued today from state securities regulators accuses daytrading firms of misleading their customers into thinking they can get richquick. The report comes on the heels of the Atlanta shooting rampage by aday trader who lost a lot of money. Robin Edgar of S-W-S Financial Servicesin Mason City says most day trading firms are not licensed.Edgar says those taking part in day trading can lose a lot of money in ashort period.According to the report 70-percent of the customers at one major day tradingfirm lost money.
