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Bloomberg
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Cash-like ETFs see big outflows
INVESTING MUTUAL FUNDS AUG 31, 2020
Cash-like ETFs see big outflows

Investors are exiting such funds at the fastest pace ever as stocks surge and corporate bonds look more appealing

Multiple trading platforms acknowledge technical problems
YOUR PRACTICE FINTECH AUG 31, 2020
Multiple trading platforms acknowledge technical problems

Schwab, Robinhood and Vanguard all say clients may be having problems using their websites

Robinhood’s rapid rise yields irate traders, US probes
NEWS REGULATION AND LEGISLATION AUG 31, 2020
Robinhood’s rapid rise yields irate traders, US probes

Both the SEC and Finra are now investigating Robinhood's handling of its March outage, sources say

Credit Suisse uncovers fraud at wealth management unit
NEWS REGULATION AND LEGISLATION AUG 28, 2020
Credit Suisse uncovers fraud at wealth management unit

Forged documentation on an over-the-counter contract for a client led to a loss of about $11 million

Volatility gauges flash warning for stock rally
INVESTING EQUITIES AUG 28, 2020
Volatility gauges flash warning for stock rally

Wednesday's rallies in the S&P 500 and Nasdaq indexes were accompanied by gains in their volatility measures

Ultra-wealthy are loading up on cash
NEWS INDUSTRY NEWS AUG 28, 2020
Ultra-wealthy are loading up on cash

Millionaire investors have boosted cash to 19% of their total assets, up from 12% prior to pandemic, group says

American investors have a lot riding on big tech
YOUR PRACTICE PRACTICE MANAGEMENT AUG 27, 2020
American investors have a lot riding on big tech

The massive run-up in a few technology stocks this year means many are less diversified than they may realize

Fed adopts more relaxed approach to fighting inflation
INVESTING FIXED INCOME AUG 27, 2020
Fed adopts more relaxed approach to fighting inflation

The adjustment in monetary policy could keep interest rates low for years to come

Fidelity offers first Bitcoin fund
INVESTING ALTERNATIVES AUG 27, 2020
Fidelity offers first Bitcoin fund

The passively managed fund will be available to qualified purchasers, with the minimum investment set at $100,000

Exxon kicked out of Dow Industrials
INVESTING EQUITIES AUG 25, 2020
Exxon kicked out of Dow Industrials

The stock index is moving to embrace tech by adding Salesforce.com, Amgen and Honeywell