Brokerage

Doug Kass: Why I'm Aggressively Buying Bank and Brokerage Stocks

Doug Kass: Why I’m Aggressively Buying Bank and Brokerage Stocks

On Wednesday I listened to a downbeat discussion of bank and brokerage stocks on CNBC’s Half Time. The investors that own them on the show were dour and disappointed. None expected near term relief. The trader who was shorting Financial Select Sector SPDR Fund   (XLF) today, against his bank of America  (BAC) and Goldman Sachs  …

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Crypto brokerage Voyager Digital files for Chapter 11 bankruptcy protection

Crypto brokerage Voyager Digital files for Chapter 11 bankruptcy protection

Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images Beleaguered crypto brokerage Voyager Digital has filed for Chapter 11 bankruptcy protection, becoming the latest casualty of chaos in digital asset …

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As SEC charges first brokerage to run afoul of new investor protection rule, here's how to find a good financial advisor

As SEC charges first brokerage to run afoul of new investor protection rule, here’s how to find a good financial advisor

Finding a broker or financial advisor you can trust may, at times, seem a daunting task. That’s especially true when investors see sensational stories of brokers fleeing the police in an underwater getaway or faking their death in an airplane crash. Then there are the high-profile fraudsters such as Bernie Madoff, who masterminded the nation’s …

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Brokerage industry looks for alternatives to payment for order flow amid SEC's threatened crackdown

Brokerage industry looks for alternatives to payment for order flow amid SEC’s threatened crackdown

The brokerage industry is exploring alternatives to payment for order flow as SEC chair Gary Gensler takes aim at the practice. One idea is coming from Apex Clearing, CNBC has learned. The clearing firm handles trades for SoFi, Webull and other fintechs and has been quietly building a marketplace for matching customer orders. The “auction” …

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