New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 28, 2014
14:19 EDTETFC, AMTD, SCHW, IBKRE-Trade slides after report of FINRA probe
Shares of discount broker E-TRADE Financial (ETFC) are lower in afternoon trading after the New York Post said regulators are investigating the firm's order routing practices. WHAT'S NOTABLE: According to the Post, the Financial Regulatory Authority, or FINRA, is looking into how E-TRADE priced customer orders it routed to G1 Execution Services, a company that E-TRADE once owned but sold recently to Susquehanna. At issue, the Post says, is whether E-TRADE is putting its profit drive ahead of its customer's best interest. Also of note, the SEC is said to be looking into changes that would require brokerages to disclose more in their "best execution" practices. PRICE ACTION. Shares of E-TRADE are down a bit over 3% in afternoon trading to $21.68. OTHERS TO WATCH: Other companies in the discount broker space include TD Ameritrade (AMTD), Charles Schwab (SCHW) and Interactive Brokers (IBKR).
News For ETFC;AMTD;SCHW;IBKR From The Last 14 Days
Check below for free stories on ETFC;AMTD;SCHW;IBKR the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 27, 2014
06:58 EDTSCHWMorgan Stanley wins $15M arbitration suit vs. Schwab, Reuters says
A Financial Regulatory Authority arbitration panel in San Francisco ruled that Morgan Stanley (MS) won a $15M arbitration lawsuit against Charles Schwab (SCHW), who accused the bank of unlawfully recruiting brokers from a Schwab San Francisco division that left with confidential data, according to Reuters, citing comments from a Charles Schwab spokesman. The ruling ended a disagreement which had lasted two years. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use