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Janus Henderson enters ESG field with five active ETFs
INVESTING ESG SEP 09, 2021
Janus Henderson enters ESG field with five active ETFs

All of the asset manager's new exchange-traded funds integrate sustainable investing criteria, with three investing in equities and two focusing on fixed income.

Coinbase threat demonstrates Gensler's focus on taming crypto
INVESTING ALTERNATIVES SEP 08, 2021
Coinbase threat demonstrates Gensler's focus on taming crypto

The agency has said that it will sue the exchange if Coinbase lets customers earn interest on their digital tokens.

State Street to buy Brown Brothers unit for $3.5 billion
NEWS INDUSTRY NEWS SEP 07, 2021
State Street to buy Brown Brothers unit for $3.5 billion

The deal will increase the mountain of assets at State Street — already one of the world's top custody banks — to $37.3 trillion.

Fund managers feel heat as SEC cracks down on inaccurate ESG labels
INVESTING ESG SEP 03, 2021
Fund managers feel heat as SEC cracks down on inaccurate ESG labels

For several months, SEC examiners have been demanding that money managers explain the standards they use for classifying funds as environmental, social and governance-focused.

SEC charges crypto exchange BitConnect with $2 billion fraud scheme
INVESTING ALTERNATIVES SEP 02, 2021
SEC charges crypto exchange BitConnect with $2 billion fraud scheme

The regulator sued five BitConnect promoters in May for their roles in promoting the scheme by creating testimonials on YouTube, sometimes multiple times a day.

Regulators scrutinize ESG more closely as greenwashing explodes
INVESTING ESG SEP 01, 2021
Regulators scrutinize ESG more closely as greenwashing explodes

Researchers have raised questions about the credentials of money managers who claim they are marketing funds designed to address the climate crisis and social injustice.

Raymond James delays office return amid Florida virus surge
YOUR PRACTICE PRACTICE MANAGEMENT SEP 01, 2021
Raymond James delays office return amid Florida virus surge

The firm has pushed its return-to-office date back to the middle of October, after having asked some employees to return to work next week.

Wells Fargo risks regulatory action over pace of restitutions
NEWS WIREHOUSES AUG 31, 2021
Wells Fargo risks regulatory action over pace of restitutions

Regulators are privately signaling that they're still not satisfied with the bank's progress in compensating victims and shoring up controls.

Fidelity to hire 9,000 workers across the US
YOUR PRACTICE PRACTICE MANAGEMENT AUG 31, 2021
Fidelity to hire 9,000 workers across the US

The hiring push is the fund company’s third in less than a year, reflecting the boom in individual investing that has lifted the entire trading industry.

Lincoln Financial names Ellen Cooper CEO
RETIREMENT RETIREMENT PLANNING AUG 31, 2021
Lincoln Financial names Ellen Cooper CEO

Cooper, the company's chief investment officer, succeeds Dennis Glass, who has been chief executive since 2007.