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ETrade follows Schwab, TD, and cuts commissions to zero
INDUSTRY NEWS OCT 02, 2019
ETrade follows Schwab, TD, and cuts commissions to zero

Its decision follows a day of hints on social media that such a move was imminent.

By Jeff Benjamin
SEC orders hybrid to return nearly $1.5 million over share-class violations
REGULATION AND LEGISLATION OCT 02, 2019
SEC orders hybrid to return nearly $1.5 million over share-class violations

Clients of Founders Financial paid 12b-1 fees when eligible for lower-cost shares

By InvestmentNews
Hybrid team managing $210 million switches to LPL
INDUSTRY NEWS OCT 02, 2019
Hybrid team managing $210 million switches to LPL

Three-adviser team at SecondHalf Coach is based in Latrobe, Pa.

By InvestmentNews
Zero commission fight could pressure wirehouse earnings
INDUSTRY NEWS OCT 02, 2019
Zero commission fight could pressure wirehouse earnings

If they follow lead of Schwab and others, profits could get dinged, according to one analyst.

By Bruce Kelly
The practice of gratitude
INDUSTRY NEWS OCT 02, 2019
The practice of gratitude

When an adviser struggles to accept a compliment, it can be hurtful to the person who offered it.

By Joni Youngwirth
INDUSTRY NEWS OCT 02, 2019
Schwab risks blowing up the brokerage model it built

The online brokerage's move to eliminate commissions is just the latest round in an intensifying, industry-wide war over fees.

By Bloomberg
INDUSTRY NEWS OCT 02, 2019
Finra censures, fines UBS $2 million over muni improprieties

Regulator says firm inaccuarately represented tax status of interest payments to clients.

By InvestmentNews
INDUSTRY NEWS OCT 02, 2019
Boston advisory firm acquires $160 million hybrid

Both firms use LPL Financial as their broker-dealer.

By InvestmentNews
INDUSTRY NEWS OCT 02, 2019
Ex-LPL broker arrested, charged with running Ponzi scheme

James T. Booth defrauded 40 clients of $5 million, Feds allege.

By Bruce Kelly
REGULATION AND LEGISLATION OCT 02, 2019
SEC orders hybrid to return nearly $1.5 million over share-class violations

Clients of Founders Financial paid 12b-1 fees when eligible for lower-cost shares

By InvestmentNews
ETrade follows Schwab, TD, and cuts commissions to zero
INDUSTRY NEWS OCT 02, 2019
ETrade follows Schwab, TD, and cuts commissions to zero

Its decision follows a day of hints on social media that such a move was imminent.

By Jeff Benjamin
REGULATION AND LEGISLATION OCT 02, 2019
Number of brokerages, reps registered with Finra falls again

Despite the declining number of participants, industry revenue and profit increase

By Mark Schoeff Jr.
INDUSTRY NEWS OCT 02, 2019
Zero commission fight could pressure wirehouse earnings

If they follow lead of Schwab and others, profits could get dinged, according to one analyst.

By Bruce Kelly
Schwab cuts online brokerage fees to zero
INDUSTRY NEWS OCT 01, 2019
Schwab cuts online brokerage fees to zero

U.S. stocks, ETFs and options will be free to trade on the platform starting next Monday.

By Jeff Benjamin
New way to invest in ETFs has backing of BlackRock and others
INDUSTRY NEWS OCT 01, 2019
New way to invest in ETFs has backing of BlackRock and others

By Bloomberg
Brokerages won't know bite of Reg BI until enforcement begins
REGULATION AND LEGISLATION OCT 01, 2019
Brokerages won't know bite of Reg BI until enforcement begins

Principles-based rule provides little detail on how to comply.

By Mark Schoeff Jr.
Traders punish Schwab, TD, ETrade for move away from commissions
INDUSTRY NEWS OCT 01, 2019
Traders punish Schwab, TD, ETrade for move away from commissions

The market sees Schwab's announcement of commission-free trading as a direct hit to revenues.

By Jeff Benjamin
HSA fees drop, investment design shows improvement
RETIREMENT PLANNING OCT 01, 2019
HSA fees drop, investment design shows improvement

Fund menus are important as financial advisers recommend clients invest HSA assets for the long term

By Greg Iacurci
Passive investing hasn't taken over the world
OPINION OCT 01, 2019
Passive investing hasn't taken over the world

Mutual funds and ETFs have a high public profile, but they are only a small part of the investing universe.

By Barry Ritholtz
TD Ameritrade fires back at Schwab by cutting commissions to zero
INDUSTRY NEWS OCT 01, 2019
TD Ameritrade fires back at Schwab by cutting commissions to zero

After seeing its stock price drop 25%, TD charges headlong into the latest low-fee battle.

By Jeff Benjamin