e*trade warning

G'Day Everyone

Just read this Notice on E*Trade today:

"As the financial year end approaches, we would like to remind you that your trading activity will be under extra scrutiny by regulators including the ASX and ASIC. This particularly relates to that activity which could be construed as 'window dressing' through the deliberate generation of higher closing prices for individual stocks, or 'wash trading' to generate losses for tax reporting purposes."

Now, surely this sort of activity would not happen on our Markets ;-). Timely, advice though.

Cheers