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Online brokerage Firstrade opens floodgates to fractional shares
Digital investment platform’s new service unlocks low-cost fractional trading on thousands of individual stocks and ETFs.
Online brokerages at a crossroads, J.D. Power says
With customer satisfaction stalled and trust levels flat, DIY trading firms must show 'clear, quantifiable value' with personalized guidance, research shows.
Robinhood plans crypto gifting feature
Users will be able to send cryptocurrency via digital gift cards, according to code discovered in a beta version of the company's iPhone app.
Robinhood breach exposes data on millions of users
The online brokerage said an intruder obtained personal information on about 7 million customers and then demanded payment.
Schwab posts record earnings as retail trading powers on
Customers added 1.2 million retail brokerage accounts during the third quarter, almost double the number added in the year-ago period.
SEC to assess when ‘psychological nudges’ become recommendations
Securities and Exchange Commission Chairman Gary Gensler said his agency will determine when digital engagement practices used by online platforms cross the line into investment advice.
How online trading apps are changing the market
The 6 million people who downloaded trading apps in January alone represent a new breed of retail investor that is younger, earns a lower income and is more racially diverse than any investment cohort the industry has seen.
Embedded investing and why it works
Professionally managed portfolios that are accessible inside of consumer apps will give consumers their first taste of investing via a long-term-focused offer — perhaps coupled with education and bite-sized planning.
Lule Demmissie to head eToro Group in US
The executive is joining the online brokerage firm after heading Ally Invest.
PayPal to launch stock trading on its mobile app
The payments giant enters a competitive but flourishing marketplace for online brokerages as it evolves its app to enable millions to trade individual stocks. PayPal currently has approximately 400 million users.
Robinhood tumbles after slowdown warning clouds crypto boom
The online brokerage said that a significant portion of its second-quarter revenue was fueled by virtual currencies, primarily Dogecoin, and predicted it would see lower revenue during the third quarter.
A-Rod backs online brokerage Tornado in $10 million funding round
The seed round also featured other prominent participants like founder of Barstool Sports Dave Portnoy and New Enterprise Associates managing general partner Tony Florence.
Robinhood aims for $35B valuation in IPO
The company at the center of this year's meme stock frenzy will market 55 million shares for $38 to $42 each, according to a filing with the SEC.
Online brokers avoid troubles amid internet outages
The internet outages occurred after servers from content-delivery network Fastly Inc. went down, affecting Amazon, Twitter, PayPal, Spotify, Twitch and CNN, among others.
Older clients confused by meme stocks: Survey
Investors are curious about crypto and meme stocks, but most advisers say that clients do not understand the volatility of these investments.
Robinhood plans to reveal IPO filing as soon as next week
The filing will give potential investors their first comprehensive look at Robinhood's financials and the risks associated with the stock.
Why the public is still leery of online brokerages
Lawsuits have popped up alleging wide-reaching conspiracies and gamification strategies at some of the most well-known firms. Online brokerages are increasingly responsible for rebuilding public trust.
