Morgan Stanley to Shutter Electronic Equity Market-Making Unit
By Justina Lee and Bernard GoyderThe firm has been the last major bank still in the business of paying retail brokers for options order flow.
June 18, 2025
Raymond James Adds 3 Teams With $1.8BThe teams moved to the broker-dealer from Ameriprise, Morgan Stanley and UBS.
June 18, 2025
Trump Urges SALT Deal as Lawler Stands Firm on $40,000 Cap“We’re not going to fold here,” the New York congressman says.
June 18, 2025
New Social Security Trustees Report Raises Fresh AlarmSignificant benefit cuts are expected in 2034, but experts say Congress still has time to fix the imbalance.
June 18, 2025
PNC to Pay $200,000 for Lax Annuity Exchange MonitoringThe firm failed to monitor reps’ rates of deferred variable annuity exchanges, FINRA said.
June 18, 2025
Envestnet Partners With BlackRock, Fidelity, Others to Add Alts in Model PortfoliosCo-CIO Dana D’Auria says the collaboration will help democratize access to alternatives investments at scale.
June 18, 2025
Fed Holds Rates Again, Still Sees Two Cuts by Year EndUncertainty over the economic outlook is still high but has diminished, Fed officials say.
June 18, 2025
Social Security to Go Bust in 2033: Trustees ReportThe combined trust funds are on track to go broke one year earlier than projected in 2024.