Shares of LendingClub Corp (NYSE:LC) ended Wednesday session in green amid volatile trading. The shares closed up +0.01 points or 0.16% at $6.24 with 5.24 million shares getting traded. Post opening the session at $6.21, the shares hit an intraday low of $6.00 and an intraday high of $6.28 and the price vacillated in this range throughout the day. The company has a market cap of $2.49 billion and the numbers of outstanding shares have been calculated to be 391.15 million shares.
LendingClub Corp (LC) on Sept. 26, 2016 announced that Russell S. Elmer has been named General Counsel, reporting to Scott Sanborn, President and Chief Executive Officer. Elmer will succeed Jason Altieri who has served as the Company’s General Counsel for the past seven years.
Elmer, who was previously with Lending Club from 2012 to early 2014, brings more than 25 years of legal experience, most recently as Deputy General Counsel and Corporate Secretary at PayPal Holdings Inc. (PYPL). As Lending Club General Counsel, Elmer will oversee all legal matters including corporate securities, M&A, corporate governance, government and regulatory affairs and litigation.
“I’m thrilled to welcome Russ back to Lending Club as General Counsel,” said Scott Sanborn, President and CEO of Lending Club. “I believe his deep legal experience at the intersection of technology and finance as well as his hands-on knowledge of our business will allow him to be incredibly effective as we enter Lending Club’s next phase.”
Elmer has held a series of leadership roles including General Counsel at Pricelock and General Counsel at E*Trade. He was also a Partner at Gray Cary Ware & Freidenrich (now DLA Piper) where he spent nearly a decade.
“Working with regulators and policy makers, I believe Lending Club will continue to play a critical role in shaping the marketplace lending industry and delivering responsible products that meet the evolving needs of consumers, small businesses, community banks and investors,” said Elmer. “I’m excited to be returning to Lending Club to build on the success the company has already achieved.”
Shares of Charles Schwab Corp (NYSE:SCHW) ended Wednesday session in green amid volatile trading. The shares closed up +0.33 points or 1.07% at $31.06 with 4.71 million shares getting traded. Post opening the session at $31.00, the shares hit an intraday low of $30.62 and an intraday high of $31.09 and the price vacillated in this range throughout the day. The company has a market cap of $41.46 billion and the numbers of outstanding shares have been calculated to be 1.32 billion shares.
On September 20, 2016 Schwab Advisor Services announced availability of a robust suite of resources and tools to help independent financial advisors develop, strengthen and maintain their cybersecurity defense. The program includes information to help advisors stay up-to-date on cyber-attack trends, regulatory developments and best practices for educating employees and clients on keeping data secure. As part of its offer, Schwab also developed action-oriented tools to guide advisors through the cybersecurity planning process, available through a new online Cybersecurity Resource Center.
Schwab’s cybersecurity initiative comes at a time when preventing cyber-attacks is top of mind for the industry, with almost 90 percent of independent advisors pointing to cybersecurity, privacy and identity theft as their top compliance concern for 2016, according to a recent study.
“Advisors are aware of ongoing threats in a rapidly-evolving competitive and technological environment,” said Nick Georgis, senior vice president, Schwab Advisor Services. “As part of our commitment to empower independent advisors’ success, we are constantly evaluating the landscape and delivering resources and counsel to help them remain a step ahead.”