A federal judge in New York has thrown out an antitrust lawsuit seeking to block the $26 billion takeover of TD Ameritrade Holding Corp. by the Charles Schwab Corp.
District Judge Gregory H. Woods said the suit, brought by BlackCrown, an Old Westbury, N.Y.-based registered investment adviser, violated federal procedure because it was not filed by an attorney, as is required for corporate entities bringing suits.
The judge said the suit could be refiled if BlackCrown is represented by a lawyer.
BlackCrown Chief Executive Franklin Tsung signed the complaint as a pro se litigant, meaning that he was representing himself.
A Texas-based bank selects Raymond James for a $605 million program, while an OSJ with Osaic lures a storied institution in Ohio from LPL.
The Treasury Secretary's suggestion that Trump Savings Accounts could be used as a "backdoor" drew sharp criticisms from AARP and Democratic lawmakers.
Changes in legislation or additional laws historically have created opportunities for the alternative investment marketplace to expand.
Wealth managers highlight strategies for clients trying to retire before 65 without running out of money.
Shares of the online brokerage jumped as it reported a surge in trading, counting crypto transactions, though analysts remained largely unmoved.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
