Broker news

Here are some recent news articles and updates related to brokers:

Industry News

  1. Fidelity Investments Acquires Charles Schwab: Fidelity Investments has acquired Charles Schwab in a deal worth $26 billion, creating one of the largest online brokerages in the US. (Source: The Wall Street Journal)
  2. Robinhood Raises $2.4 Billion in Funding: Robinhood, a popular online brokerage app, has raised $2.4 billion in funding from investors, valuing the company at $11.7 billion. (Source: CNBC)
  3. E-Trade Financial to be Acquired by Morgan Stanley: Morgan Stanley has agreed to acquire E-Trade Financial for $13 billion, expanding its online brokerage capabilities. (Source: Bloomberg)

Regulatory Updates

  1. SEC Proposes New Rules for Broker-Dealer Risk Management: The US Securities and Exchange Commission (SEC) has proposed new rules requiring broker-dealers to implement robust risk management systems to protect customer assets. (Source: SEC)
  2. FINRA Proposes Changes to Broker-Dealer Exams: The Financial Industry Regulatory Authority (FINRA) has proposed changes to its exam procedures for broker-dealers, aimed at improving the effectiveness of exams and reducing regulatory burden. (Source: FINRA)
  3. SEC Warns of Increased Risk of Cyber Attacks on Broker-Dealers: The SEC has warned broker-dealers of an increased risk of cyber attacks and has provided guidance on how to mitigate these risks. (Source: SEC)

Company News

  1. TD Ameritrade to Acquire Thinkorswim: TD Ameritrade has agreed to acquire thinkorswim, a popular online trading platform, for $2.7 billion. (Source: TD Ameritrade)
  2. Charles Schwab Launches New Robo-Advisor: Charles Schwab has launched a new robo-advisor, Schwab Intelligent Portfolios, offering low-cost, automated investment management. (Source: Charles Schwab)
  3. Fidelity Investments Launches New Cryptocurrency Trading Platform: Fidelity Investments has launched a new cryptocurrency trading platform, allowing customers to buy, sell, and hold cryptocurrencies such as Bitcoin and Ethereum. (Source: Fidelity Investments)

Industry Trends

  1. Online Brokerages Continue to Grow: Online brokerages continue to grow in popularity, with many firms reporting increased customer activity and assets under management. (Source: Investment News)
  2. Robo-Advisors Gain Popularity: Robo-advisors, which offer automated investment management at a lower cost than traditional financial advisors, continue to gain popularity among investors. (Source: Financial Planning)
  3. Cryptocurrency Trading Grows: Cryptocurrency trading continues to grow in popularity, with many online brokerages and financial institutions offering cryptocurrency trading services. (Source: CoinDesk)