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Online brokers were soon seeing their business pick up. "There has definitely been a surge in the past 12 to 18 months," says Fred Tomczyk, chief executive of TD Ameritrade. "We've had very good growth trends." In TD Ameritrade's fiscal first quarter that ended on Dec. 31, 2009, net new assets rose to $8.7 billion from $7.8 billion a year earlier, according to Kim Hillyer, the company's senior manager of communications...
...online equity trades by about 30% to $8.95 from $12.95 a pop for individual investors, and, more importantly, streamlined the fee so that it applied across the board regardless of how frequently someone trades, how many assets the investor holds, or how many shares a person buys. In the past, customers with more than $1 million in assets and those who completed more than 120 trades a year got the lower rate, while less wealthy, less active clients were hit with higher fees. Also, under the new rules, anyone trading blocks of more than 1,000 shares will no longer...
Queen Nworisara-Quinn, who graduated with a master’s degree in public policy from the Kennedy School in 2006, has been living in Tunisia this past year while working for the African Development Bank. After Cambridge, she hopes to focus on improving entrepreneurship and investment opportunities in Africa, according to the Gates Cambridge scholarship Web site. She could not be reached for comment...
During the past two years, juniors who chose to pursue academic enrichment activities were automatically granted a “free summer term...
About 2,000 people - including police, militants and civilians - have been killed in violence over the past few years. The rebels are also known as Naxals or Naxalites, after Naxalbari, the village in West Bengal state where their movement was born...