A divided Securities and Exchange Commission approved a set of rules Wednesday designed to protect investors by requiring traders to accept the best quoted price for any transaction, no matter which market it comes from.
SEC Overhauls Stock Trade Rules
The SEC commission's decision to approve the new stock trading rules, Donaldson said that today's vote 'strikes the
PNC to Acquire Mercantile Bankshares for $6 Billion
Oct. 9 (Bloomberg) -- PNC Financial Services Group Inc., Pennsylvania's biggest bank, agreed to buy Mercantile Bankshares Corp. for $6 billion in stock and cash to gain clients in the Washington area and boost earnings by cutting costs. Link to original articleAmeritrade reportedly nears TD Waterhouse deal
NEW YORK (MarketWatch) - Online stock trading firm Ameritrade Holding is reportedly near announcing a merger with TD Waterhouse USA, kicking off what's expected to be a wave of consolidation as excess capacity and falling commissions hang over the industry.
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