Annie Massa

The New York State Department of Financial Services alleges Robinhood lacked sufficient staff and resources to ensure compliance with the Bank Secrecy Act and anti-money-laundering rules. 

The equity trading platform follows cryptocurrency trading, which it started offering in February.

Hiring will be across all job functions—69% in customer-facing positions, while 14% will be technology roles.

Customers placed 6.58 million daily average trades in the first quarter, a decline of 22% from the year-ago period.

Clients in Invest for AmEx by Vanguard can schedule one financial-planning phone call in their first year of enrollment, and those with at least $100,000 in advised assets get unlimited access to Vanguard advisory...

For diehard fans of the company’s founder, what’s at stake is the very soul of the $8 trillion mutual-fund giant.

SEC Chair Gary Gensler said that paying for order flow has “an inherent conflict of interest.”

Aperio, a creator of tailored index strategies, oversees about $36 billion in assets for ultra-wealthy clients and institutions.