eTrade 2002 Annual Report Download - page 78
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•
authentication of online customers;
•
political instability;
•
fluctuations in currency exchange rates;
•
reduced protection for intellectual property rights in some countries;
•
seasonal reductions in business activity during the summer months in Europe and certain other parts of the world;
•
the level of acceptance and adoption of the Internet in international markets; and
•
potentially adverse tax consequences.
RISKS RELATING TO THE REGULATION OF OUR BUSINESS
We are subject to extensive government regulation, including banking and securities rules and regulations, which could restrict our
business practices
The securities and banking industries are subject to extensive regulation. All of our broker-dealer subsidiaries have to comply with many laws
and rules, including rules relating to possession and control of customer funds and securities, margin lending and execution and settlement of
transactions. We are also subject
54
2003. EDGAR Online, Inc.