Wall Street Journal
Lots of Internet traders complain about their online broker’s service: balky Web sites, poor trade executions. Now investors are doing something about it. Lawyers and others familiar with brokerage-industry disputes say legal claims by customers are on the rise. This year’s market turbulence may spur even more. Linda Fienberg, president of dispute resolution at the […]
Money.com
The markets may be open for only 6 1/2 hours every weekday, but online investors are trading as if the exchanges were going 24-7. Though a minuscule number of investors are trading live in the extended-hours sessions you hear so much about on CNBC–compare the tens of millions of shares traded at night to the […]
Investment News
With a federal watchdog yapping at its heels and a tarnished image to polish, the battered Securities Investor Protection Corp. needs a shot at redemption. It tried to orchestrate one last week with a new public relations agency and a photo opportunity – a news conference about a record payout to investors scamm-ed of $31 […]
Wall Street Journal
The Securities Investor Protection Corp. is expected to announce Tuesday that it paid a record $31 million to customers of Sunpoint Securities Inc., a defunct brokerage firm formerly in Longview, Texas, to restore cash and securities that allegedly were stolen from about 9,800 investors. The payout comes at a time when some securities lawyers are […]
Wall Street Journal
Ali Lee Khadivi knew he had a problem with E*Trade when he was saddled with $71,000 of a stock he didn’t want. Then when the stock plunged 45%, he says the online broker liquidated his account to cover the loss, erasing more than $53,000 in savings. His woes didn’t end there. After Mr. Khadivi called […]