Historical Events tagged with "brokerage"
Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.
Largest Civil Settlement for NASDAQ Investors
A U.S. federal judge ordered 37 brokerages to pay $1.03 billion to compensate NASDAQ investors affected by price fixing. This landmark ruling addressed the issue of market manipulation and held brokerage firms accountable for their actions. Investors were reimbursed for their losses, marking the largest civil settlement in American history related to financial misconduct. The case highlighted the need for stricter regulations in the financial sector.
Continue ReadingOpening of the Pacific Stock Exchange
The Pacific Stock Exchange commenced operations, becoming a key marketplace for securities in the western United States. Located in San Francisco, it provided a crucial platform for local and regional investors to trade stocks and bonds. With its establishment, the Pacific Stock Exchange aimed to facilitate economic growth and enable participants to invest in various sectors. The exchange also contributed to the development of financial markets on the West Coast, accommodating the region's growing economy during this era.
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