While its main business is providing financial information, Brooklyn-based Track Data owns, ironically, a stock brokerage.
You can avoid loads by using closed-end funds, though you will have to pay regular stock brokerage fees.
Are you sure that it is a good idea to confound commercial banking, investment banking, insurance and stock brokerage?
If one person offers investment advice and buys and sells securities for others, the regulation on that person should not be different depending on whether that person is employed by a bank, a stock brokerage firm, an insurance company or is a self-employed registered investment adviser.
The investigation found that stock loan traders at large brokerage firms conspired with stock finders to funnel millions of dollars in fraudulent fees to the finders or relatives of the finders in exchange for kickbacks, also often involving family members.
This need for intermediates creates a need for savings banks, stock markets, brokerage firms, mutual funds and investment banks.
"Everyone says we're in the capital markets business, " said Ned Bennett , chief operating officer and co-founder of OptionsXpress, an electronic stock and options brokerage.
Disclaimer: I have never owned individual shares of KO stock in my brokerage account, I have not recommended it to clients, and I am not recommending it now.
Waiting for the virtual gifts of electronic pixels to be received is at least as rewarding to Farmville users as seeing electronic shares of stock in their brokerage account.
"Everyone says we're in the capital markets business, " said Ned Bennett , chief operating officer and co-founder of OptionsXpress (nasdaq: OXPS - news - people ), an electronic stock and options brokerage.
Rajesh Jain, stock analyst with Bombay brokerage firm Pranav Securities, said the Indian markets will suffer.
When an individual investor successfully disputes a stock trade, his brokerage generally will seek compensation from these broker-dealers.
"The cleanest thing to do is to sell the stock back to the brokerage firm or to a third party, " says Gregory Pinto, a financial planner with Bay State Financial in Boston.
Hundreds of comment letters for and against them have poured into the agency from individual investors, big brokerage firms, stock and options exchanges, and others.
As you can see, part of the reason neither stock received an upgrade from the brokerage community is that nearly all of the analysts following the pair already maintain Buy ratings.
One City analyst, Stephen Pope, the global stock strategist at Cantor Fitzgerald in London, has stuck his neck out with a rare recommendation in the brokerage business, a call to sell BP stock.
For example, if you bought a stock in 1978 and sold it last year, your brokerage firm needn't report the cost basis to the IRS. If you bought the stock in 2011 and sold in 2012, the firm does.
The stock is also being pressured by the brokerage community, as FBR Capital downgraded V to Market Perform from Outperform.
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But Merrill also reaches deep into the funds through its brokerage business, which executes stock trades for pension funds in the state.
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More recently, the stock of the barely profitable construction company Leong Hin collapsed 90% over two days after the government investigated a brokerage in late April for unusual trading in the stock.
Some 74% of sell-side analysts have a negative rating on Commerzbank, according to Dan Waterman of brokerage Aviate Global, and the stock has been heavily shorted by hedge funds.
The IRS on Tuesday also provided leeway to brokerage firms and custodians who transfer stock to other firms on behalf of clients, saying it wouldn't penalize them for not reporting transfers made in 2011.
They hear a tidbit about this stock, a smidgeon of infotainment on that stock and when they fire up their online brokerage account, it is this random collection of stocks they happened to have heard something on that they begin to trade.
"The fact that retail is out of favor is a theory that has been trumpeted across the Street for the last six months, and therefore has already been worked into the stock price, " says Bob Napoli, brokerage analyst at ABN Amro, pointing out that Merrill's shares are the most attractive relative to its historical trading range.
Firms tag all of their trades with a unique identifier for each trade by customer, by stock and time, among other things, Lime Brokerage CEO Jeff Wecker says.
In a controversial Schwab ad, a manager at an unnamed brokerage exhorts his troops to push a lame stock on customers.
Goldman's prime brokerage business, which assists and finances hedge fund stock purchases, has been racking up fees and interest rate spreads.
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Analysts have long been bullish toward Microsoft, with the stock proclaimed a Buy by no less than 21 of the 30 brokerage firms following the shares, according to Zacks.com.
The major difference is that you need a brokerage account to trade them because shares trade on a stock exchange during the day, rather than at the end of the day with a fund company.
Thain, former leader of the New York Stock Exchange, took the reins at Merrill Lynch after the beleaguered brokerage house kicked out Stanley O'Neal. (See: "No Thain, No Gain") Since taking charge four months ago Thain's promise has been simple: clean the current mess, and then make Merrill more profitable.
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