Amidst the fanfare you would expect of a joint venture between global financial giant Chase JF and Pacific Century CyberWorks, the companies' online securities trading venture, 2cube, was officially launched today Wednesday. Accompanied by a flashy video to the tune of ABBA's Money, Money, Money, assembled executives spoke highly of the strength and reputation of the two parent companies, but avoided specific answers to questions about investor protection.
Journalists had picked up on a section of the client agreement that states 2cube is not a participant of the Stock Exchange of Hong Kong, and therefore, in the unlikely event of a default by 2cube, clients are not entitled to make...
