Charles Schwab Corp. won U.S. antitrust approval to buy rival TD Ameritrade Holding Corp., a $26 billion deal that further consolidates the brokerage industry.
Online brokerage giants say they disclosed additional information about valuation of the $26-billion deal in return for plaintiffs’ agreeing to dismiss eight federal suits.
After absorbing the mass affluent United Capital RIA firm in July, Goldman pushes ahead to custody assets of other RIAs through acquisition of tech-savvy Folio.
The lawsuit is at least the third filed by a TD Ameritrade shareholder alleging “materially incomplete” disclosures about its pending sale to Charles Schwab Corp.
Lawsuit seeking class-action status asserts that merger registration statements are false because they omit valuation analyses.
Case seeking $4 million is at least the third filed against brokerage firms in the past two years by visually impaired customers for alleged inaccessibility to their online accounts.
Discount broker is upgrading RIA servicing technology and its digital platform to take advantage of seismic industry shifts, CEO says.
The San Francisco, Calif.-based discount brokerage pioneer that adopted zero commissions in October, said trading revenue fell 58% in the fourth quarter.
New York judge says antitrust complaint filed from a fledgling registered investment advisory firm failed on procedural grounds but can be refiled.