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Ben Bernanke, two colleagues awarded Nobel Prize in Economics
NEWS REGULATION AND LEGISLATION OCT 10, 2022
Ben Bernanke, two colleagues awarded Nobel Prize in Economics

By honoring Bernanke, the prize committee have taken an unusual step of adding an actual practitioner of economics policy to their pantheon.

Fidelity, Vanguard join forces to help workers move 401(k)s
RETIREMENT RETIREMENT PLANNING OCT 05, 2022
Fidelity, Vanguard join forces to help workers move 401(k)s

The two retirement giants, along with Alight Solutions, are forming a consortium to automate the transfer of 401(k) accounts with balances below $5,000 when workers change jobs.

Vanguard gaining ground on BlackRock in the $6 trillion US ETF universe
INVESTING MUTUAL FUNDS OCT 05, 2022
Vanguard gaining ground on BlackRock in the $6 trillion US ETF universe

Nearly $45 billion flowed into Vanguard ETFs in the third quarter, compared to BlackRock Inc.’s $25 billion haul.

Wealthy shift billions to donor-advised funds to gain tax breaks
RETIREMENT TAX OCT 04, 2022
Wealthy shift billions to donor-advised funds to gain tax breaks

Private foundations are using the funds to sidestep federal laws designed to make sure the wealthy donate money to the needy in a timely fashion, not delay the gifts for generations.

SEC fines Kim Kardashian $1.26 million for endorsing crypto token on Instagram
INVESTING ALTERNATIVES OCT 03, 2022
SEC fines Kim Kardashian $1.26 million for endorsing crypto token on Instagram

The securities watchdog said she broke US rules by not disclosing she was paid for the promotion.

Credit Suisse attempts to reassure markets backfire as stock hits fresh low
NEWS INDUSTRY NEWS OCT 03, 2022
Credit Suisse attempts to reassure markets backfire as stock hits fresh low

CEO Ulrich Koerner had sought to calm employees and the markets over the weekend only to see his carefully worded memo have the opposite effect.

BlackRock plans crypto ETF that tracks firms with exposure to metaverse
INVESTING ALTERNATIVES SEP 30, 2022
BlackRock plans crypto ETF that tracks firms with exposure to metaverse

The fund might include firms that have products or services tied to virtual platforms, social media, gaming, digital assets and augmented reality.

Fintech app Yotta rolls out feature that helps investors buy Treasury I bonds 
YOUR PRACTICE FINTECH SEP 29, 2022
Fintech app Yotta rolls out feature that helps investors buy Treasury I bonds 

I-Bonds Bucket allows users to invest in the securities while bypassing the glitchy TreasuryDirect.gov website.

Schwab to launch Schwab Municipal Bond ETF with ultra-low fee
INVESTING ETFS SEP 28, 2022
Schwab to launch Schwab Municipal Bond ETF with ultra-low fee

The new fund will have an expense ratio of just 0.03%. That’s lower than even The Vanguard Group’s $17 billion muni ETF, which charges 0.05%.

Wall Street banks hire WhatsApp cops after being hit with big fines
YOUR PRACTICE FINTECH SEP 28, 2022
Wall Street banks hire WhatsApp cops after being hit with big fines

In court documents, the SEC described at least a few senior managers at each firm who engaged in rampant texting with colleagues and clients.