GeneralA.B. Watley Group Inc. (the "Company, "we", or "us") is a publicly-held financial services holding company incorporated in the state of Delaware on May 15, 1996. We presently conduct our business activities primarily through our subsidiary A.B. Watley Direct, Inc. ("Direct"). Direct is a U.S. registered broker-dealer that engages in direct-access and web-based online trading for retail customers. Direct also provides execution services for institutional customers. A former operating subsidiary, A.B. Watley, Inc., also a U.S. registered broker-dealer, ceased operations in January 2004. In February 2004, A.B. Watley, Inc. withdrew its registrati...