Some see a potential cure in a practice that’s commonplace from Italy to the U.K., but banned in the U.S.

The deal will accelerate the firm’s digital-heavy client strategy, CEO Andy Rachleff said.

The sector may be edging into dangerous territory, analysts say.

The deal comes amid a flurry of similar digital investment acquisitions made by competing banks.

Newday’s tools include content centered around clients’ issues of focus and, soon, a corn-based compostable debit card.

FinApps has filed a lawsuit that claims the data aggregator swiped its proprietary software, according to its lawyer Marc Kasowitz.

The duo have been active in the venture capital space since departing the social media giant.

CEO Philip Sanders admits the past two years of the segment’s overhaul have been “a grind,” but he says it’s now ready to grow.

If approved, the actively managed product will hold anywhere from 60 to 100 equities across sectors and will have no position holding over 5%.

The IBD network joins asset managers and other companies developing new methods to display how the products integrate into client portfolios.