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Three of the biggest firms offering online brokerage services are also publicly traded, allowing investors to invest online in online investing companies.

Over the pond U.S. securities regulators have charged online brokerage firm, OptionsXpress, over its alleged involvement in what the regulator claims was abusive naked short selling. The U.S. Securities and Exchange Commission alleges that the Chicago-based firm failed to satisfy its close-out obligations under short-selling rules by repeatedly engaging in a series of sham 'reset' transactions designed to give the illusion that the firm had purchased securities of like kind and quantity. It claims that the firm, and one of its customers engaged in these transactions in a number of securities, resulting in continuous failures to deliver

For many young adults entering college or getting their careers off the ground, staying on top of their finances can get lost in the shuffle. Here's how to avoid these pitfalls.