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Money manager who stole $500 million serves a quarter of his 20-year prison term
NEWS REGULATION AND LEGISLATION MAY 09, 2019
Money manager who stole $500 million serves a quarter of his 20-year prison term

Stephen Walsh of WG Trading is ordered released from prison after arguing that his lawyers were ineffective.

Nobel laureate Richard Thaler accepts advisory role at Pimco
NEWS INDUSTRY NEWS MAY 09, 2019
Nobel laureate Richard Thaler accepts advisory role at Pimco

Mr. Thaler will research decision-making around retirement saving.

'Death by Amazon' gauge exposes gulf between retail ETFs
INVESTING ETFS MAY 09, 2019
'Death by Amazon' gauge exposes gulf between retail ETFs

Some exchange-traded funds have big positions in Amazon, while others are investing in companies the online giant is slowly killing.

ETFs threaten to 'amplify' systemic risk when liquidity dries up
INVESTING ETFS MAY 09, 2019
ETFs threaten to 'amplify' systemic risk when liquidity dries up

Report from Moody's raises the possibility that ETF market makers might step away during market turmoil.

Fidelity launches fund focused on female leadership
INVESTING ESG MAY 08, 2019
Fidelity launches fund focused on female leadership

Gender-focused strategies are growing in popularity with socially conscience investors.

Wealthy US investors sitting on cash despite optimism in economy
INVESTING EQUITIES MAY 07, 2019
Wealthy US investors sitting on cash despite optimism in economy

UBS survey: Biggest worries were political environment, followed by national debt and health-care costs.

Fidelity to start trading bitcoin
INVESTING ALTERNATIVES MAY 06, 2019
Fidelity to start trading bitcoin

Move puts firm a step ahead of top competitors on sidelines

Maxine Waters puts bank chiefs in hot seat and gets results
NEWS REGULATION AND LEGISLATION MAY 06, 2019
Maxine Waters puts bank chiefs in hot seat and gets results

House Financial Services Committee chairwoman is also preparing a hearing with executives from U.S. regional lenders.

Conflicting tax information creates 'nightmares' for some investors
NEWS RIAS MAY 06, 2019
Conflicting tax information creates 'nightmares' for some investors

Brokerage tax statements don't always reflect all of an investor's accounts or original costs.

As U.S. billionaires live longer, more wealth managers roll out estate and succession planning
RETIREMENT RETIREMENT PLANNING MAY 03, 2019
As U.S. billionaires live longer, more wealth managers roll out estate and succession planning

The number of billionaires continues to grow — there were an estimated 747 in North America in 2017, up from 490 in 2010.