SEC, NASD review E-Trade ads

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E-Trade Group advertising is under investigation by the Securities & Exchange Commission and the enforcement arm of the National Association of Securities Dealers, E-Trade disclosed in an SEC filing. The company did not comment on why its ads were under scrutiny, but said it had agreed to submit ads to the NASD for review prior to their use for a three-month period ending Sept. 12 and was "cooperating fully.''

Copyright August 2000, Crain Communications Inc.

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