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Robinhood said 24-hour trading is coming to its platform as the company that was at the center of the meme-stock frenzy aims to accommodate time-strapped customers while pushing for wider change in trading operations. A rollout of 24 Hour Market will begin May 16 to a "subset" of customers, followed by all customers getting access in June. Trading hours will be from 8 p.m. Eastern Time on Sunday to 8 p.m. Eastern on Friday. "We've often heard from customers that it's tough to find time for investing during regular market hours with work, family, and everything in between," Robinhood said...

It's has begun. Today Webull is throwing ETC under the bus, trying to justify why you can SELL a stock and not buy it. The source link contains an explanation of what a Clearing Firm does. ETC is the near-monopoly player in the industry.

Key Points Morgan Stanley will acquire brokerage firm E-Trade for $13 billion, the companies announced. The investment bank will pay $58.74 a share in stock for E-Trade in a deal bringing together $3.1 trillion in client assets. The deal, expected to close in the fourth quarter, follows last year’s $26 billion all-stock purchase of TD Ameritrade by Charles Schwab. ================================================================== Wall Street investment bank Morgan Stanley will acquire E-Trade for $13 billion, the companies announced Thursday, the latest in a consolidation wave for the brokerage industry that collectively lowered trading commissions to zero last year. Morgan Stanley will pay $58.74...

The race to the zero-bound is on. That’s not an interest-rate policy development, but an investing fee trend. Charles Schwab Corp SCHW, -2.41% on Tuesday said it would no longer charge a commission on trades of U.S. and Canada-listed stocks, exchange-traded funds, and options, starting October 7. That’s just the latest volley in the incredible shrinking broker fee war. Behemoth asset managers like Vanguard, Fidelity and Schwab have spent the past few years leapfrogging each other to offer lower and lower commissions. That’s thanks in part to the rise in popularity of ETFs, funds that in most cases passively follow...

Today, freight brokers' and carriers' worst nightmare has come true: Amazon.com, Inc. (NASDAQ: AMZN) has quietly taken its digital freight brokerage platform live at freight.amazon.com, and it is undercutting market prices from 26 to 33 percent. Early this morning, in a client note responding to Amazon's announcement that it would begin offering free one-day shipping to Prime members, Morgan Stanley equities analyst Brian Nowak made a cryptic prediction. "We see AMZN's 1-day Prime shipping raising consumer expectations and increasing the cost to compete in e-commerce. Over the long term, we also see this as a Trojan horse for Amazon to...

Dear Canadians, bad news: your money is no longer welcome with U.S. brokerages. Why? Because you are, well, Canadian.

I have a brokerage account. A person with the same name as me passed away and the broker transferred all of my shares to his heirs. What legal actions can I take? What rights do I have? Anybody in the financial industry that can weigh in...it would be appreciated. Thanks

Mergers may increase even more among brokerage firms due to the Labor Department's proposed fiduciary rule A second major insurance company has decided to exit the brokerage business this year as MetLife Inc. announced Monday it is selling its U.S. adviser unit to Massachusetts Mutual Life Insurance Co. The sale includes the firm's Premier Client Group, consisting of about 4,000 advisers across the U.S. who sell insurance, annuities and other investment products such as mutual funds, plus its broker-dealer MetLife Securities Inc., according to the company's announcement. Metlife is shedding the unit as brokerage firms face higher compliance costs tied...

They must be having severe tech issues.... Can't even access my account.

Authorities are winding down their criminal investigation of the failed brokarage firm, MF Global, and despite the lack of oversight and the loss of more than $1 billion in customer funds, it now seems unlikely that anyone at the firm will face criminal charges.

Small U.S. futures broker PFGBest said its accounts had been effectively frozen on Monday after a suicide attempt by the firm's founder set off an investigation into possible "accounting irregulaties." In a dramatic turn that seems likely to trigger a new round of anxiety over the stability of the brokerage industry less than a year after the collapse of much larger MF Global, the Cedar Falls, Iowa-based firm told customers that they would be limited to liquidating positions until further notice. The disclosure came hours after founder and owner Russell R. Wasendorf, Sr., was found in his car near the...

Weekly FR Boating Thread ~ Vol. 5 ~ Feb. 24, 2012 ~ Selling Your Price & Joy 41 posts last week – we’re approaching planning speed...I can guarantee you every boat will sell. We just don’t know when, and for how much... If you aren’t using your boat at least once a month (during boating season), sell it! (When you get the boating itch again, you can always buy another boat.) The best way to sell a boat is to pretend it isn't for sale - clean it, fix it, use it, and then be pleasantly surprised when it sells....

Very informative interview on MF Global and its fallout, who might ante up to cover client's losses, where to have an investment account to avoid such shenanigans, who Corzine lobbied to get an exemption from regulations, Courts and Judges involved, etc. so on and so forth.

NEW YORK (Reuters) – Bernard Madoff, a long-time fixture and powerful adviser on Wall Street, was arrested and charged on Thursday with allegedly running a $50 billion Ponzi scheme, U.S. authorities said. The former chairman of the Nasdaq Stock Market who remains a member of Nasdaq OMX Group Inc's nominating committee, is best known as the founder of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he founded in 1960. But the alleged fraud involved a hedge fund he ran from a separate floor of the building where his brokerage is based. Madoff told senior employees of his...

Worst Case ScenarioBy John RileyChief Strategist07/15/08 What a year - bank and brokerage failures, Federal bailouts, sub-prime mortgage mess and a looming derivative disaster. What would happen if things continue to unravel? What would that look like?Runs on the BanksWith the failure of IndyMac, we’ve already seen a run on a bank force its closure. What if a few more banks had runs? Depositor panic could cause runs at several banks that are on the edge of failure. A run could push them over. The FDIC is spending about 10% of its reserves on bailing out IndyMac. How many more...

One day the public is going to wake up and realize that when analysts are telling them to buy things at all-time highs, it might be time to sell. The day after a government report showed that crude oil inventories have risen to their highest levels since July 2002, the esteemed Wall Street brokerage firm, Goldman Sachs, released an analysis forecasting a continued increase in energy prices that could result in oil hitting $105 per barrel. As reported by Reuters: "We believe oil markets may have entered the early stages of what we have referred to as a ‘super spike’...

SAN FRANCISCO (Dow Jones/AP) -- Charles Schwab Corp. will sell its three New York Stock Exchange seats and no longer maintain a membership at the exchange after the sale is completed. The move follows the company's sale of its capital markets and trading business earlier this year and previously announced efforts to cut costs.