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Deeper stock dives could test client nerves in 2022
NEWS INDUSTRY NEWS DEC 29, 2021
Deeper stock dives could test client nerves in 2022

The market is set up for a return to the occasional gut-wrenching dives that characterize the later years of bull markets, according to executives from Truist Advisory Services.

Bitcoin slides below $50,000 capping a down December
INVESTING ALTERNATIVES DEC 28, 2021
Bitcoin slides below $50,000 capping a down December

Investors have retreated from the most speculative corners of global markets of late, worried that an ebbing tide of central bank stimulus could spell trouble. Just how exposed Bitcoin and the wider crypto universe is to that risk is the subject of heated debate.

Why green stocks are slumping during ESG boom
INVESTING ESG DEC 27, 2021
Why green stocks are slumping during ESG boom

The outlook for green stocks is challenging because of worries about rising interest rates tied to inflation, unpredictable politics and regulatory maneuvers like California’s decision to sharply lower subsidies and add new fees for home solar users.

SEC denies 2 Bitcoin ETFs in latest setback to crypto industry
YOUR PRACTICE FINTECH DEC 23, 2021
SEC denies 2 Bitcoin ETFs in latest setback to crypto industry

The earlier-than-expected decision from the SEC could suggest a 2022 approval for a pure Bitcoin fund may not be in the cards either.

SEC Republican commissioner Elad Roisman to step down
NEWS REGULATION AND LEGISLATION DEC 20, 2021
SEC Republican commissioner Elad Roisman to step down

Roisman, who has been a commissioner since 2018, played a key role in Trump-era efforts by the SEC to rein in proxy advisory firms and to make it easier for companies to block submissions from newer stockholders.

Crypto barrels toward 2022 after adding $1.5 trillion in value
INVESTING ALTERNATIVES DEC 20, 2021
Crypto barrels toward 2022 after adding $1.5 trillion in value

Bitcoin’s share of the crypto market shrank dramatically over 2021 as other tokens rocketed, a sign of how investor interest in digital assets broadened out despite — or perhaps because of — enormous volatility.

JPMorgan adviser loses ruling in client-poaching case
NEWS REGULATION AND LEGISLATION DEC 16, 2021
JPMorgan adviser loses ruling in client-poaching case

A judge denied Gwen Campbell's request to temporarily bar fellow bankers at JPMorgan from soliciting business from clients she brought with her from BofA, clients who reportedly include former New York Yankees star Alex Rodriguez.

Dimensional cuts fees on 50 funds
INVESTING MUTUAL FUNDS DEC 16, 2021
Dimensional cuts fees on 50 funds

The asset manager is lowering fees on 47 mutual funds and three ETFs, which it says amounts to a 13% reduction on an asset-weighted basis.

Fed signals three hikes next year in inflation pivot
NEWS REGULATION AND LEGISLATION DEC 15, 2021
Fed signals three hikes next year in inflation pivot

The central bank also said it will double the pace at which it's scaling back purchases of Treasuries and mortgage-backed securities, putting the program on track to conclude in early 2022 rather than at midyear.

Franklin Templeton joins shift to low-cost ETFs
INVESTING MUTUAL FUNDS DEC 15, 2021
Franklin Templeton joins shift to low-cost ETFs

The asset manager plans to convert two mutual funds holding roughly $250 million in assets into exchange-traded funds by the third or fourth quarter of next year.