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David Booth of DFA is taking a value victory lap
NEWS INDUSTRY NEWS APR 16, 2021
David Booth of DFA is taking a value victory lap

The co-founder of the quant giant is in fighting spirits after the strategy of buying cheap equities notched its best quarterly outperformance in 20 years.

Gensler confirmed as SEC head
NEWS REGULATION AND LEGISLATION APR 14, 2021
Gensler confirmed as SEC head

Wall Street's new sheriff will confront a range of market threats, from the fallout from the GameStop trading frenzy to the deluge of SPACs and the collapse of Archegos.

Bernie Madoff, mastermind of giant Ponzi scheme, dies at 82
NEWS REGULATION AND LEGISLATION APR 14, 2021
Bernie Madoff, mastermind of giant Ponzi scheme, dies at 82

The Manhattan investment adviser defrauded his A-list clients of more than $19 billion.

Bitcoin ETF line gets longer; eight issuers file with SEC
INVESTING ALTERNATIVES APR 14, 2021
Bitcoin ETF line gets longer; eight issuers file with SEC

ETF issuers are betting en masse that U.S. regulators will green-light a fund tracking the largest cryptocurrency.

Prudential weighs sale of its retirement arm
RETIREMENT RETIREMENT PLANNING APR 14, 2021
Prudential weighs sale of its retirement arm

Unloading the business could bring in more than $2 billion, as CEO Charles Lowrey executes a three-year strategy to transform the business.

Schwab accidentally puts $1.2 million into woman’s account
NEWS INDUSTRY NEWS APR 13, 2021
Schwab accidentally puts $1.2 million into woman’s account

The woman, who used some of the money to buy a house and an SUV, was arrested earlier this week.

Ameriprise to buy BMO asset management unit
NEWS BROKER DEALERS APR 12, 2021
Ameriprise to buy BMO asset management unit

The deal to purchase the Bank of Montreal's Europe, Middle East and Africa asset management unit will bring $124 billion in AUM.

Stifel CEO says life after Covid means return to the office
YOUR PRACTICE PRACTICE MANAGEMENT APR 09, 2021
Stifel CEO says life after Covid means return to the office

CEO Ron Kruszewski cited benefits related to training, collaboration and the reinforcement of the firm's culture in his annual letter to shareholders.

BlackRock has record ETF launch with carbon transition fund
INVESTING ESG APR 09, 2021
BlackRock has record ETF launch with carbon transition fund

Investors plowed $1.25 billion into the BlackRock U.S. Carbon Transition Readiness ETF Thursday, making it the biggest launch in the ETF industry’s three-decade history.

SEC to Wall Street: SPACs aren’t a way around securities laws
NEWS REGULATION AND LEGISLATION APR 08, 2021
SEC to Wall Street: SPACs aren’t a way around securities laws

Claims that promoters face less legal liability than a traditional public offering are “uncertain at best,” a top SEC official said in a statement.