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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 […]
Wall Street Journal
When Egghead.com Inc. released good news early one morning in December, before the Nasdaq Stock Market opened, many online investors thought its stock would open higher. Kenneth Pasternak knew it would. Mr. Pasternak sat before a screen at Knight/Trimark Group Inc., a market maker whose job it is to execute trades. His screen showed that […]