Displaying 23 results
People don’t get how robos work, and that’s a problem, J.D. Power finds
Demand for robos might be cooling, but many are still interested in them, despite a lack of understanding.
Schwab CEO sees brokerage of the future looking more like Uber
Walt Bettinger says financial firms should be taking their cues from Silicon Valley; he also discusses Schwab's move to Texas, crypto and remote work.
Robinhood says SEC faces high legal burden to change broker-app rules
As the agency looks at whether game-like features used by the online trading platform lead to excessive trading by retail investors, Robinhood says additional regulation could be rejected by U.S. courts.
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.
Robinhood to pay record $70 million in Finra settlement
The online trading platform will pay a $57 million fine and $12.6 million in restitution to settle a series of alleged failures, from tech outages to misleading information; it is the largest financial penalty ever ordered by Finra.
New investors strain online brokerages: J.D. Power
Account openings at online brokerages have skyrocketed, but the number of problems cited by customers have doubled during the past year.
Schwab accidentally puts $1.2 million into woman’s account
The woman, who used some of the money to buy a house and an SUV, was arrested earlier this week.
SoFi, Robinhood plan early IPO access for retail
Social Finance said it will give investors with more than $3,000 in their accounts the ability to invest in initial public offerings.
Robinhood says it filed confidentially for IPO
The online trading platform could go public as soon as late in the second quarter, a source said.
Online brokerage eToro to go public via SPAC
With pressures on Robinhood, eToro’s large user base and scale places the U.K.-based challenger front and center to disrupt the U.S. market.
Robinhood, Citadel CEOs spar with lawmakers over retail trading
At a Financial Services Committee hearing, House Democrats pressed the leaders of Robinhood and Citadel on whether they're profiting at the expense of retail investors
Robinhood’s ties to hedge funds still not clear, Warren says
Ahead of a House hearing Thursday with the company's CEO, the Massachusetts senator accused Robinhood of having inadequate cash on hand to manage a trading surge.
Robinhood case to test Massachusetts fiduciary rule
But an investor advocate praises the state for targeting conduct other than outright fraud
Multiple trading platforms acknowledge technical problems
Schwab, Robinhood and Vanguard all say clients may be having problems using their websites
Robinhood outruns rivals in record year for retail investing
The trading app is revealing the data for the first time, in the wake of a surge in online dealing among people stuck at home during the coronavirus pandemic
Robinhood brokerage is up and running, sort of, after outage
Customers blasted the closely held company on social media during the outage and several said they would close their accounts
Fidelity adds fractional share trading to retail online brokerage
The company is gauging adviser demand before making the capability available on Fidelity's custody and clearing platform
More consolidation coming in online brokerage market
Firms need large cash on hand to make up lost commission revenue
KaChing rings up $7.5M in financing
KaChing Group Inc's online service — touted as an alternative to mutual funds — may still be in its infancy. But kaChing today announced it has secured $7.5 million in financing.
The Charles Schwab Corp. to restructure
Special dividend will return $1.2 billion to shareholders
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