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Gotrade gets $7M led by LocalGlobe to let investors around the world buy fractional shares of U.S. stocks – TechCrunch


Gotrade gets $7M led by LocalGlobe to let investors around the world buy fractional shares of U.S. stocks
Stock in many American companies, like Amazon, Alphabet or Tesla, can host hundreds or thousands of dollars per share. Fractional trading, or buying part of a single share through a brokerage, makes them more accessible at least to people within the United States. Investors in other countries, however, often have to pay high fees through interactive brokers. Gotrade makes fractional trading of U.S. stocks available to people in 150 countries, and charges a minimum of just one dollar.
The startup announced it has raised $7 million in seed funding led by LocalGlobe, with participation from Social Leverage, Y Combinator, Picus Capital and Raptor Group. The round also included angel investors like Matt Robinson, co-founder of GoCardless; Carlos Gonzalez-Cadenas, former chief product officer of Skyscanner; Frank Strauss, former head of Deutsche Bank’s global digital busin ....

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Even after Madoff's death, work to unwind epic fraud goes on


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Bernard Madoff exits Manhattan federal court, Tuesday, March 10, 2009, in New York. The epic Ponzi scheme mastermind is dead. But the effort to untangle his web of deceit lives on. More than 12 years after Madoff confessed to running the biggest financial fraud in Wall Street history, a team of lawyers is still at work on a sprawling effort to recover money for the thousands of victims of his scam.
By TOM HAYS and LARRY NEUMEISTER
Associated Press
Jun 6, 2021 ....

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