11.   These investors had a preference for securities rather than bank deposits.

12.   A contingent liability transaction is one where the investor may have to pay an additional amount on settlement.

13.   UK tax has to be deducted from income payments such that the investor has to reclaim the tax.

14.   Rarely do the investors have a documented past record to analyse, nor are they able to glean information from historic share price data.

15.   Although forecasters expect them to rebound, investors will have to wait to see if that will happen.

16.   All this should be making the U.S. market more attractive, because foreign investors have few other options.

17.   Also, investors often have a nagging concern that a commission structure creates an interest for the broker that might conflict with their own, Kelley said.

18.   Also, while investors no longer have to pay a penalty for withdrawing money, they will still be taxed on their gains.

19.   Although higher stock prices are anticipated, investors will have to come to grips with slower earnings growth in future quarters, analysts said.

20.   Among the changes, investors will have less difficulty in establishing limit orders, thus lessening the danger of being the victim of unfairly wide price spreads.