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JPMorgan reins in workers' use of ChatGPT
YOUR PRACTICE FINTECH FEB 22, 2023
JPMorgan reins in workers' use of ChatGPT

The artificial intelligence software, which became an internet phenomenon in recent months, generates text, images and other media in response to a short prompt.

More US states are starting to push back against anti-ESG movement
INVESTING ESG FEB 22, 2023
More US states are starting to push back against anti-ESG movement

While Florida and Texas rail against sustainability, Democrats and Republicans in other states are embracing it.

Competition for active ETF dominance heats up
INVESTING MUTUAL FUNDS FEB 22, 2023
Competition for active ETF dominance heats up

JPMorgan Asset Management’s Bryon Lake projects that active ETFs in the US will grow over the next five years to $3 trillion from $384 billion currently.

Wells Fargo latest to face probe of use of messaging apps
YOUR PRACTICE FINTECH FEB 22, 2023
Wells Fargo latest to face probe of use of messaging apps

The SEC and the CFTC are looking at the bank's retention of employee communications related to the use of unapproved messaging apps, it disclosed in a filing.

Mormon church, investment manager pay $5 million to settle SEC claim
NEWS REGULATION AND LEGISLATION FEB 21, 2023
Mormon church, investment manager pay $5 million to settle SEC claim

The church and its investment arm, Ensign Peak Advisers, created 13 limited liability corporations to obscure the size of the church's portfolio.

Investors think they need at least $3 million to retire
RETIREMENT RETIREMENT PLANNING FEB 21, 2023
Investors think they need at least $3 million to retire

According to a Bloomberg survey, most respondents are optimistic they’ll move closer to their retirement goal by ending 2023 with more in retirement savings than at the end of 2022.

Former NBA player Paul Pierce to pay $1.4 million in crypto case
INVESTING ALTERNATIVES FEB 17, 2023
Former NBA player Paul Pierce to pay $1.4 million in crypto case

The SEC alleges the longtime Boston Celtic touted a crypto token without disclosing that he was paid to do so.

Crypto investors had their funds frozen. Now they may have to pay taxes
INVESTING ALTERNATIVES FEB 16, 2023
Crypto investors had their funds frozen. Now they may have to pay taxes

Even though investors can't access their accounts with bankrupt crypto lender Celsius Networks, they still owe taxes on the interest income they earned from the accounts last year.

Fidelity to hire 4,000 positions by midyear
YOUR PRACTICE PRACTICE MANAGEMENT FEB 16, 2023
Fidelity to hire 4,000 positions by midyear

The firm goes on a hiring binge as rival asset managers trim headcount amid economic uncertainty and softening financial markets.

Goldman CEO cites 'tighter hiring plan' for 2023
YOUR PRACTICE PRACTICE MANAGEMENT FEB 15, 2023
Goldman CEO cites 'tighter hiring plan' for 2023

But Solomon cited improved sentiment among CEOs about the possibility of a 'softer economic landing.'