Robinhood Markets Inc. said personal information of about 7 million people — or roughly a third of its customers — was compromised in a data breach last week and that the culprit had demanded payment.  The intruder obtained email addresses ...

Charles Schwab Corp. reported record earnings per share in the third quarter as clients opened new brokerage accounts and traded more amid volatile markets. Adjusted earnings of 84 cents a share topped the 80-cent average estimate of analysts in a ...

SEC Chairman Gary Gensler said Tuesday the agency will assess whether nudges on digital platforms that affect investor behavior should be regulated as investment recommendations. Gensler said digital engagement practices used by financial platforms go beyond “gamification” and incorporate predictive ...

Armed with flashy mobile trading apps and free stock trades, millions of young Americans are opening up brokerage accounts online and putting traditional financial advisers on notice. The six million people who downloaded trading apps in January alone represent a ...

In a recent blog post, I explained why every app is about to become a financial services company. Consumer businesses are about to start adding traditional financial services functions like savings, lending, insurance, investing and planning to their apps. There ...

EToro Group, an Israel-based online brokerage and social trading firm, has named Lule Demmissie as US CEO. She most recently served as president of Ally Invest, overseeing Ally Invest Securities, Ally Invest Advisors and API business lines. In her new ...

Payments giant PayPal Holdings Inc. is evolving its mobile app to enable millions of customers to trade individual stocks on its platform.  CEO and president Dan Schulman said during an investor day presentation in February that the firm is gearing ...

Robinhood Markets Inc. warned investors Wednesday that a second-quarter revenue surge that was fueled by a boom in cryptocurrency trading might not last.  In its first earnings report as a publicly traded company, the brokerage said revenue more than doubled ...

Online brokerage Nvstr announced Wednesday it has relaunched and rebranded as Tornado on the heels of a fresh funding round led by baseball legend Alex Rodriguez and billionaire serial entrepreneur Marc Lore.  Nvstr, founded in 2015, relaunched as Tornado with ...

Robinhood Markets Inc. is seeking a valuation of $35 billion in its initial public offering, just short of the highest projections by analysts, as the free trading app advances toward a debut likely to draw in buyers from its own ...