TDA advisors fret about repapering, integration and service if a deal gets done, and consider custodial alternatives; others celebrate a balance sheet that would rival wirehouses.
Bank of America-owned online brokerage unit may enhance relationship-based pricing model but won’t extend free trading across the board, says Edge CEO Aron Levine.
E*Trade Financial Corp. cut trading commissions to zero, joining major rivals in the race to the bottom and setting the stage for mergers among discount brokerages.
Says it will appeal judge’s decision in May upholding employee’s right to practice his profession, despite claim that he used confidential information to attract customers to new firm.
Wirehouse that has often gone to court to restrain renegade brokers from calling their former clients prevails in a California case in which it sat on the other side of the fence.