SEC slated to overhaul stock market rules

SEC slated to overhaul stock market rules

SEC Chair Gary Gensler is expected to outline new rules to make the stock market more efficient for small investors and public companies.

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Is FTX gearing up for a Robinhood takeover?

Is FTX gearing up for a Robinhood takeover?

The cryptocurrency exchange announced that select users in the U.S. have access to commission-free trading for hundreds of exchange-listed securities, including both stocks and ETFs.

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Ally moves into human advisory services

Ally moves into human advisory services

Ally Financial announced the launch of a new wealth management offering, which provides access to human advisors, rather than robo advisors, for clients with more than $100,000 in investable assets.

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Preparing for a business exit with James Jack (UBS)

Preparing for a business exit with James Jack (UBS)

In an interview with The Financial Revolutionist, James Jack, Head of the Business Owners Client Segment at UBS, suggests ways fintechs can learn from the experiences and strengths of banks like UBS.

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What’s next for Robinhood?

On Tuesday, Robinhood CEO Vlad Tenev announced that the online brokerage would lay off 9% of its 3,800-person full-time workforce. Shares dipped by more than 5% after news of the layoffs broke.

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Stash plans to introduce crypto in smart portfolios

Stash plans to introduce crypto in smart portfolios

Banking and investing app Stash is reportedly working on introducing crypto into its smart portfolios, but the company did not offer a specific launch date.

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Wealthfront is reportedly for sale, but is a $1.5B price tag too high a hill to climb?

Wealthfront is reportedly for sale, but is a $1.5B price tag too high a hill to climb?

This week, news outlets reported that digital financial planning platform Wealthfront – one of the early so-called robo-advisers – is exploring a sale.

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VanEck to launch bitcoin future ETF this week after SEC approval in late October

VanEck to launch bitcoin future ETF this week after SEC approval in late October

Investment firm VanEck is launching a bitcoin futures exchange-traded fund (ETF) this week, following in the footsteps of ProShares, which rolled out a similar product in October.

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Vanguard’s new app flops with investors complaining of user-experience glitches

Vanguard’s new app flops with investors complaining of user-experience glitches

Earlier this year, Vanguard – the largest issuer of mutual funds in the world and the second-largest issuer of exchange-traded funds – claimed it would roll out a new app designed with clients’ needs in mind.

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Robinhood faces fallout from data breach that affected millions

Robinhood faces fallout from data breach that affected millions

Trading app Robinhood – which earlier this year faced scrutiny over its GameStop trading halt – is now reeling from the consequences of a data breach that exposed the names or email addresses of more than seven million people.

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Greenlight, a financial platform for families, launches investing tools for parents

Greenlight, a financial platform for families, launches investing tools for parents

Greenlight, a fintech firm that offers a debit card and personal finance tools for kids, is launching a new offering to help parents learn how to invest and set up portfolios.

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TD Bank launches US robo-adviser

TD Bank launches US robo-adviser

TD Bank this week launched robo-adviser and hybrid wealth adviser offerings, joining a crowded market of banks and fintechs vying for market share among mass-market retail investors.

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SEC approves bitcoin futures ETF

SEC approves bitcoin futures ETF

The Securities and Exchange Commission (SEC) approved a bitcoin futures exchange-traded fund (ETFs) from ProShares that’s launching this week.

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Bank of America’s Life Plan feature gains more than five million users

Bank of America’s Life Plan feature gains more than five million users

Bank of America announced that Life Plan – a digital financial planning tool it launched a year ago – has crossed five million users, calling it the company’s “most rapidly adopted digital feature of all time.”

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Robinhood popularity takes a hit after meme stock fad fades

Robinhood popularity takes a hit after meme stock fad fades

Activity on stock trading app Robinhood plunged during the third quarter of this year, a development that may be connected to the end of the meme stock fad.

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