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Who said the days of wining and dining were over? Oh, wait. FINRA said it, that's right. And today they reminded Terra Nova Financial Group to button up the kitty. The company was hit with a $400,000 fine for allegedly flubbing $1 million in soft dollar p...
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Online broker OptionsHouse just rolled a new mobile trading application for active investors. The service has been tested on the iPhone, Android, Pre and Blackberry platforms. Customers can access their accounts through the mobile platform and trade stock...
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E*TRADE Financial, which is struggling to unwind a world of financial hurt brought on by its banking unit, reported lackluster key monthly metrics today. The company added 3% fewer gross new brokerage accounts in October, versus September. Comparing activ...
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Just one day after the SEC an FINRA announced they would swoop down on a few elementary schools this Friday to dole out some financial smarts, Charles Schwab (SCHW) has announced that it has revamped its own educational effort. We took issue, sort of, wit...
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Truth be told we debated running with a much more tongue-in-cheek title on this one, but we stopped short. Let us explain:The SEC has announced, in cooperation with FINRA, that "top executives" will swoop down on your public schools this Friday to teach a...
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While waiting (and waiting) for an update from E*TRADE Financial (ETFC) we see that TD Ameritrade (AMTD) decided to check in first. October has been a month that has proven to be tough on brokers (see our reports on optionsXpress (OXPS)and Charles Schwab ...
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When we reported October metrics for optionsXpress (OXPS) we wondered whether October was shaping up to be a tough month for brokers. Are we starting to see a trend?Charles Schwab (SCHW) rolled out October business metrics today indicating that, yes, we m...
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Entire courses have been developed to teach new investors how to decipher the world of options symbols. Heck, we've developed guides that help even experienced investors understand a chain sheet. So it should come as no surprise that the Options Clearing ...
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After reporting a tough Q3 with revenues and trades both decreasing, causing a substantial hit to net income, optionsXpress (OXPS) reported October monthly metrics today, thus giving us our first glimpse into the makings of a Q4. The numbers are way off v...
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We don't normally write about mutual funds, but first the Supreme Court case on mutual fund fees and now this? It's too good to pass up. Isolated incident? Maybe. But we take any chance we can to shine a light on the dark hole that is the mutual fund indu...
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TradeStation (TRAD) dropped October brokerage metrics on us yesterday and we see DARTs ticked up slightly, but still nowhere near the levels of 2008. Or even 2007 for that matter. When the company reported third-quarter earnings we noted the results of th...
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When we heard that Michael Raneri was named the new CEO of Zecco Holdings we decide this was a good time to have a chat with the pending chief and find out what Zecco has been up to lately. We have to admit, though the company is but a hop and a skip away...
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Things are bound to get a little messy when you start wading through the backwater sludge that is mutual fund industry fees. While we don't typically write about funds and we tend to shun them for obvious reasons, the current Supreme Court case is i...
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Less than two weeks after Interactive Brokers dropped a tough Q3 on us, missing all the analyst estimates and dropping EPS by 70%, the firm posted metrics for October. Customer balances and DARTs ticked up ever so slightly by 5% and 2% respectively. The c...
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Charles Schwab Corp (SCHW) filed for its first round of ETFs back in July and we knew back then to expect some index-tracking ETFs under the Schwab monicker. We also suspected that Schwab would keep fees low on the products. What we didn't expect to see i...
