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Citigroup debuts no-fee stock trading
The bank's new offering puts it into competition with robo-advisers, discount brokerages and some big-bank peers.
Schwab’s $200 million charge suggests additional scrutiny for online brokerages
The potential action on one of the largest digital investment platforms sheds light on the increasing need for transparency among automated advice providers.
Robinhood readies initial public offering for liftoff
The same week that Finra levied a record $70 million penalty against the online trading app, Robinhood filed for an IPO Thursday, becoming one of the year's most high-profile listings.
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 loses bid to halt enforcement of Massachusetts fiduciary rule
The online trading app sued to overturn the state's fiduciary rule after Massachusetts accused Robinhood of manipulating customers.
Wealthtech funding hits record $5.6 billion in Q1
In the first quarter, a total of 86 deals took place, and the wealthtech sector already has outpaced 2020’s year-end total funding of $5.2 billion.
Move over, Robinhood — Fidelity democratizes investing for teens
Teens will be able to trade U.S.-listed stocks, Fidelity mutual funds and most exchange-traded funds, with no account fees or commissions.
How online trading is driving investors to human advisers
Self-directed investors are reaching thresholds that are starting to make professional financial advice more appealing.
Gensler vows to ensure compliance with Reg BI ‘as written’
In his first appearance on Capitol Hill since being confirmed as SEC chair, Gensler also addressed ESG and the gamification of investing.
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.
Robinhood is snapping up financial advisers. Here’s why.
Robinhood plans to double the number of full-time registered reps this year after recruiting 100 advisers from other firms since 2019.
Robinhood sues to overturn Massachusetts fiduciary rule
Meanwhile, Massachusetts amended its December complaint against the online brokerage seeking to revoke its registration in the state.
Robinhood drops the confetti, but advisers aren’t convinced
Robinhood's confetti animation led to heavy criticism of its gamification tactics, but advisers say investor education is still what's needed.
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.
Bitcoin, GameStop, robos: Update on fintech reg
Given the events so far this year, regulation of these topics is likely top of mind for policymakers under Biden, according to experts.
GameStop hearing underlines partisan divide on legislative action
The atmospherics suggested that if bills emerge, they will have a difficult path through the narrowly divided House and Senate.
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
