The recent stock splits of Apple and Tesla caused major outages at brokerage firms like Robinhood and Charles Schwab on Monday, according to Bloomberg. The stock splits prompted a surged in trading volumes that led to thousands of retail investors being unable to use their brokerage accounts. Other popular brokerage […]
The Securities and Exchange Commission and Financial Industry Regulatory Authority are investigating Robinhood and its handling of an early March service outage, Bloomberg reported Monday. The brokerage made headlines after its trading platform shut down for the entirety of March 2 and some of March 3, leaving investors unable to […]
Robinhood raised another $US320 million, according to a Monday statement, further bolstering to its Series F funding round. The influx of cash from new and existing investors brings Robinhood’s total valuation to $US8.6 billion. The brokerage first announced its Series F haul in May after Sequoia Capital led a $US280 […]
Charles Schwab, the online broker, has received approval from the Justice Department for its acquisition of TD Ameritrade, CNBC reported Thursday. TD Ameritrade surged as much as 6% Thursday. Shares of Charles Schwab gained nearly 3% the same day. Both companies expect the deal to close in the second half […]
Fidelity and Charles Schwab apologised to clients Monday morning after technical issues kept users from executing trades during the worst market slump in months. Users took to Twitter with complaints about login errors, their accounts incorrectly showing a $US0.00 balance, and delays in filling orders. Monday’s open saw the Dow […]
Morgan Stanely agreed on Thursday to acquire online brokerage E*Trade for $US13 billion in an all-stock transaction. The takeover will help Morgan Stanley offer self-service and workplace services to clients, the company said in a statement. The $US360 billion of client assets currently held by E*Trade will be added to […]
Charles Schwab agreed to purchase rival brokerage TD Ameritrade for $US26 billion, the two firms announced on Monday. The companies used one word in their press release that should make employees nervous: synergies. The word synergies is typically used to describe areas of a combined business that have been identified […]
Charles Schwab will soon offer fractional stock trades in an effort to bring in younger clients, the Wall Street Journal reported Thursday. Fractional shares allow traders to own slivers of a stock, opening up expensive stocks like Amazon and Berkshire Hathaway Class A to younger and less wealthy investors. The […]
Large brokerage stocks have taken a hit since the price wars escalated Monday, with several major players cutting fees on stock and exchange-traded fund transactions to zero. Charles Schwab has lost $US8.5 billion in market value since Monday, while E*Trade has shed $US2 billion and TD Ameritrade has seen $US7.5 […]
TD Ameritrade announced Tuesday it would cut fees to zero for online stock and exchange-traded fund transactions. It made the announcement after Charles Schwab said earlier in the day it was cutting fees. The firm’s price change will go into action this Thursday, while Schwab’s begin on Monday, October 7. […]
Charles Schwab announced Tuesday that it will lower fees to zero for stock, exchange-traded fund, and options trades made on US and Canadian exchanges. The firm’s shares fell as much as 10% on the news. Competing brokerages TD Ameritrade and E*Trade saw even deeper losses, each plunging roughly 20% at […]
Learning how to invest in stocks is a great way to grow your money, though it comes with risks. There are different investing options to suit your budget and preferences, including setting up and managing your own portfolio or letting a robo-adviser do the legwork for you. You’ll want to […]
Harouna Traoré, an aspiring day trader from France, claims he made 10 million euros trading in what he thought was a demo account, but was actually a live platform transacting real money. He’s now suing Valbury Capital, the brokerage in question, for the 10-million-euro gain, after the firm voided his […]
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