After a year in which securities regulators cracked down on nontraded real estate investment trusts, REIT sponsors and the broker-dealers who sell them are focusing on compliance and whether sales of the products to investors are suitable.
Regulator assisting Nasdaq with investigation; orders not executed properly for 19 minutes on Friday
Charles Schwab is shutting down brokersXpress. The parent company broke the news to the B-D's 300 reps late Wednesday afternoon. Now, the brokers have 90 days to relocate.
Commission claims optionsXpress unit OX Trading operated as unregistered dealer; ex-CFO also named
