Tag:
E-Trade
Latest Headlines
Latest Headlines
E-Trade sued by Lindsay Lohan
Actress Lindsay Lohan has sued E-Trade, insisting that a "milkaholic" baby in one of its funny TV spots, who happens to be named Lindsay, was modeled after her, the New York Post reports. Her rep says, "everyone's talking about it and everyone is saying it's Lindsay." She's asking for $100 mil
Price war among online brokerages
When Charles Schwab cut its per trade fee to $8.95 in January, it seemed to many that others would be forced to respond. Fidelity this week said it would cut its online per trade fee to $7.95 per trade for U.S. stocks. That compares with a previous fee structure that charged $8 to $19.95 per trade
Citadel to hold on to E*Trade shares
Hedge fund firm Citadel has nixed its plans to sell 120 million shares of E*Trade Financial Corp. over the next three months. The deal was linked to a deal that would have sent nearly all of E*Trade's order flow to Citadel. Regulators have put that kabosh on that plan for now. Article
(Ci
Citadel's E*Trade gambit over?
It's all about order flow when it comes to the exchange game. It looked like Citadel hit gold with its deal to secure nearly all of the discount broker's order flow order execution service. But it looks like the deal will not go through now. Article
(Citadel Investment Group, E-Trade)
Citadel investment in E*Trade quashed
The Office of Thrift Supervision has decided, in something of a surprise, to put the kabosh on Citadel's plans to invest $100 million in E*Trade. The OTS was a bit vague about its rationale, but Reuters adds some analysis. Apparently, Citadel and E*Trade struck a little-noticed tentative deal
Front running still an issue
To some of you, it may see like front running was a yesteryear's issue. With all the compliance and monitoring technology that has been deployed at the regulatory level, you would think there would be obvious disincentives. But the announced $69 million settlement (forfeited profits and penalties)
FINRA fines E-Trade
FINRA has found that two units of E-Trade did not have adequate anti-money laundering programs in place. Such policies and procedures "could not reasonably be expected to detect and cause the reporting of suspicious securities transactions." The lack of automated tools was noted. Article
ALSO NOTED: Class action suit targets Bank of America's auction rate securities; Wells Fargo tightens home loan rules; and much
Company News: > Wells Fargo tightens home loan rules. Article > E*Trade looking better. Article > Class action suit targets Bank of America's auction rate securities. Article
Regulatory News: > SEC looks at Wachovia's auction rate securities. Article
ALSO NOTED: Citi's hedge fund woes pose issues for its brokers; Lehman creates restructuring and finance group; and much more..
Company News: > Lehman creates restructuring and finance group. Article > Eaton Vance profits in line with expectations. Article > Ladenburg Thalman pares Lehman estimates. Article > E*Trade doubles authorized shares. Article > Citi's hedge fund woes pose
SPOTLIGHT: E*Trade to sell stake in Indian firm
E*Trade expects a pre-tax gain of up to $30 million from its deal to sell its stake in the India-based IL&FS Investsmart for $145 million for the company to HSBC. Article
(E-Trade, HSBC, India, stake)
