Are there any laws related to the use of automated trading systems on the Internet?
Yes, there are laws related to the use of automated trading systems on the Internet in Washington State. According to Washington State law, all automated trading systems must register with the Washington State Department of Financial Institutions. Additionally, the automated trading system must disclose all fees, commissions, and other costs associated with transactions entered into via the system. Furthermore, these systems must be designed to meet security and consumer protection requirements in order to protect customers’ assets and data. They must also have a dispute resolution program that allows customers to access and recover their funds in the event of a dispute. Finally, all automated trading systems must be subject to ongoing monitoring by the state to ensure compliance with applicable consumer protection laws.
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