Massachusetts fines Fidelity $750,000 for rubber-stamping options trading applications

The Bay State has fined Fidelity Brokerage Services $750,000 over the corporate’s previous observe of rubber-stamping choices buying and selling purposes. Secretary of the Commonwealth William Galvin has handed down the high quality to Fidelity in response to what he has known as a “half-hearted and lackadaisical attitude” towards safeguarding retail buyers. In the consent…

Instacart loses almost all its IPO gains by second day of trading as rally fizzles

Instacart shares slumped greater than 5% of their second day of buying and selling Wednesday, persevering with a slide that started instantly after the inventory hit the Nasdaq on Tuesday, and leaving it narrowly above its IPO value. On Monday, Instacart bought shares in its long-awaited IPO at $30 a bit. Trading underneath ticker image…