Shares in brokerage and clearing firm Penson Worldwide have dropped almost 30% to 21 cents, earlier falling as low as 16 cents. The firm earlier this week disclosed plans to tap $5.5 million in regulatory capital in order to pay down ...
A senior executive in the stock- and options-trading division of hedge fund firm Citadel LLC plans to retire in the coming weeks. Andrew Kolinsky currently serves as president of Citadel Execution Services, the broker-dealer unit responsible ...
A group of former officials from the old brokerage firm E.F. Hutton & Co. plan to start a new boutique financial-advisory firm under the same name.
Brokerage and mutual-fund firms, preying on customers' frustration with big banks, are rolling out new banking services—and hyping existing ones—to grab market share.
As traders at Morgan Stanley were frantically trying to shore up Facebook Inc.'s share price following the company's initial public offering, other managers on the deal were helping short sellers bet that the newly minted stock would fall.
Trading glitches on the Nasdaq Stock Market during Facebook Inc.'s shares' rocky debut may cost Wall Street about $100 million, analysts said.
TOKYO—Japanese securities regulators looking into the alleged disappearance of billions of dollars in pension-fund money are examining whether the money may have been channeled into Cayman Islands investment trusts set up by a small Tokyo ...
Wells Fargo is buying prime brokerage firm Merlin Securities LLC in its latest effort to expand its capital markets business. For Wells Fargo, the deal gives the bank a service it didn't have and one that is core to investment-banking ...
MEXICO CITY—The firm behind a mini "flash crash" that struck the Mexican stock market in April has pulled itself out of the game. The local brokerage house of Bulltick Capital Markets earlier this week requested that the Mexican securities ...
BOSTON (MarketWatch)—Somewhere along the way, your adviser or brokerage firm asked you to fill out what’s called a risk-tolerance questionnaire, presumably before you invested a dime in this or that bond, ETF, mutual fund or stock such as, ...
Q. I entered an order to buy Facebook shares at $44 each after the IPO open Friday, hoping to ride the day-one pop. When I tried to cancel after the opening was pushed back 30 minutes, the cancellation never went through, and I was stuck ...
Capital Research & Management wanted to buy into the Facebook Inc. initial public offering. But days before the IPO, an underwriting bank on the deal warned the big investment firm about Facebook's dimming revenue prospects.
When Takashi Hibino took the helm of Japan's second-largest brokerage firm about a year ago, he knew it would be a tough start, with businesses across the country reeling from the March 11 earthquake and tsunami. Daiwa indeed had a ...
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