The company has seen a new high in the number of investors so far in 2021. As a result, the firm’s core net new assets climbed to a record of $257 billion in H1 2021, over twice the number gained during the same time last year. In addition, 4.8 million new brokerage accounts were opened…
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CS&C’s general pool held firm and client money for both UK and non-UK clients. The FCA determined that the CSUK failed to arrange adequate protection for its clients’ assets under UK rules including: The firm did not have the right records and accounts to identify its customers’ client assets The firm did not undertake internal…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for November 26, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: Crypto Rebounds: All three major cryptoassets (BTC, ETH, XRP) rebounded sharply yesterday after the brutal falls witnessed in the…
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Charles Schwab Corporation, one of the largest brokerage firms in the US, has set its sight on TD Ameritrade (TDA) in a potential $26 billion acquisition. When the news broke today, both companies saw their share prices go up (Charles Schwab went up by roughly +3.5%, while Ameritrade - by +7.0%). According to press, the…
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The historical record demonstrates that when innovation strikes a particular industry, there are first responders or leaders, and then there are the “wait-and-see” types that drag their feet, often to their own downfall, and try their best to play catch up for years to come. When the names of Fidelity, TD Ameritrade, e*Trade, and Pershing…
Read moreSlow trading levels by U.S. retail investors has hurt both companies.
Read moreOpen E Cry mainly serves the high-volume trader market.
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