Securities-backed lending, also sometimes referred to as "stock loans," is a financial strategy that allows you to use your securities to secure a loan. In 2023, securities lending revenue exceeded ...
WASHINGTON--(BUSINESS WIRE)--FINRA has fined Apex Clearing Corporation $3.2 million for violations related to its fully paid securities lending program. This is the first time FINRA has charged a firm ...
FINRA Orders Four Firms to Pay $2.6 Million for Violations Relating to Fully Paid Securities Lending
WASHINGTON--(BUSINESS WIRE)--FINRA announced today that it has sanctioned four firms—M1 Finance LLC, Open to the Public Investing, Inc., SoFi Securities LLC, and SogoTrade, Inc.—a combined $2.6 ...
TORONTO, May 22 (Reuters) - The Bank of Canada issued the following statement about changes to its securities-lending program on Friday: The Bank of Canada released today the revised Standard Terms ...
The clearing arm of Apex Fintech Solutions has agreed to pay more than $3 million to resolve FINRA allegations that it failed to ensure customers received fees it generated by lending out their ...
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. With Sharegain, Freetrade was able to launch its securities lending ...
In a stock market that has become a bit of a wild ride, a little bit of income can go a long way. Securities-lending programs, once the purview of institutional investors, can provide some extra cash ...
(Reuters) - Northern Trust Corp has agreed to pay $60 million to settle lawsuits over claims that the financial services institution imprudently managed its securities lending program, resulting in ...
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