(October 27 – 10:00 ET) – BayStreetDirect.com, an Internet-based financial services company, says that more than 25,000 investors have registered on the company’s Web site, http://www.baystreetdirect.com.
“Twenty-five thousand investors represents tremendous buying power for new issues,” said BayStreetDirect.com deputy chairman, Colman O’Brien. “Our growing membership has shown that they want access to the IPOs and new issue investment opportunities offered through BayStreetDirect.com.”
By registering for free at the company’s Web site, investors receive e-mail alerts on upcoming new issues. Members have a fair and equal opportunity to place offers for IPO and other new issues. Members also have online access to detailed offering information.
The company also allows investors to settle transactions in their existing full service or discount brokerage accounts. BayStreetDirect Inc. does not charge additional commissions on transactions nor do they open trading accounts or hold client assets.
BayStreetDirect.com says it is also developing ProTraderAlert, a service that will notify subscribers electronically when selected fund managers have bought or sold publicly traded shares. It says this will provide investors who subscribe to this service with timely insights into the investment decisions of senior fund managers.
-IE Staff