News

A top discount brokerage, Interactive Brokers LLC, must pay $1.2 million to two Texas siblings who alleged the firm failed to stop “reckless trading” by their trust fund overseer, arbitrators ruled on Tuesday.

A high-profile U.S. senator said on Tuesday she has launched an investigation into 15 major annuity providers amid concerns about the perks they offer to brokers who peddle the products to retirees.

The defense attorney for a former Goldman Sachs Group Inc programmer accused of stealing the investment bank's high-frequency trading code has asked a Manhattan judge for a mistrial.