|
|
Article: Direct Stock Market's CEO Calls SEC's Approval of Credit Card for Online Purchase of Technology Funding Shares 'A Major Milestone'
- Article from:
- PR Newswire
- Article date:
- June 4, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SANTA MONICA, Calif., June 4 /PRNewswire/ -- The Securities and Exchange Commission's (SEC) decision allowing Technology Funding to accept credit cards for the online purchase of shares in its newest public fund is "nothing short of a major Internet milestone," Direct Stock Market's Chairman and CEO Clay Womack said today.
"This is the first time that investors will be able to use a credit card to invest in a newly issued public security," said Womack. "The SEC's decision opens the door to a whole new way to purchase shares online, and gives us a glimpse of future investing.
"Charles R. Kokesh, Technology Funding's founder and president, should be ...