Bloomberg

Bloomberg
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SoFi said to report loss of $200 million in second quarter
YOUR PRACTICE FINTECH AUG 06, 2018
SoFi said to report loss of $200 million in second quarter

The student-loan refinancer projects it will be profitable again by the end of the year, according to a person familiar with the matter.

Allison Lee most likely choice for SEC commissioner, reports say
NEWS REGULATION AND LEGISLATION AUG 06, 2018
Allison Lee most likely choice for SEC commissioner, reports say

Ms. Lee, who has worked as an SEC enforcement attorney, would replace her former boss, Kara Stein.

Race is hard to talk about at work — here's how to make it easier
YOUR PRACTICE PRACTICE MANAGEMENT AUG 04, 2018
Race is hard to talk about at work — here's how to make it easier

These approaches and resources will help you have more effective conversations that foster diversity, equity and inclusion in the office.

New ETFs seek to hedge a stock market slide
INVESTING ETFS AUG 03, 2018
New ETFs seek to hedge a stock market slide

Funds would protect buyers from slumps of up to 30% in the S&P 500.

Diversity trend plays out across Wall Street
NEWS INDUSTRY NEWS AUG 03, 2018
Diversity trend plays out across Wall Street

Bank of America Corp. reports high percentage of female and non-white interns, with Goldman Sachs Group Inc. and Wells Fargo & Co. reporting similar numbers.

Bitcoin trade gone bad leaves counterparties holding the bag
INVESTING ALTERNATIVES AUG 03, 2018
Bitcoin trade gone bad leaves counterparties holding the bag

Trading debacle could dent confidence in one of largest cryptocurrency venues.

Former Madoff customers argue it wasn't a Ponzi
NEWS INDUSTRY NEWS AUG 03, 2018
Former Madoff customers argue it wasn't a Ponzi

Ponzi deniers seek access to master database to disprove fraud and hold on to $100 million in 'profits.'

Vanguard exec: Investors should look for 'the catch' in Fidelity's no-fee funds
INVESTING MUTUAL FUNDS AUG 03, 2018
Vanguard exec: Investors should look for 'the catch' in Fidelity's no-fee funds

Vanguard's not likely to react to Fidelity's move, says CIO Greg Davis.

Cryptocurrency deals receive increased scrutiny by SEC
NEWS REGULATION AND LEGISLATION AUG 02, 2018
Cryptocurrency deals receive increased scrutiny by SEC

Examiners question brokerages about fees, financing and initial coin offerings, in addition to data on investment advisers' involvement.

Voya gives investors back $2 million under SEC order
INVESTING MUTUAL FUNDS AUG 02, 2018
Voya gives investors back $2 million under SEC order

Action concludes settlement in case of improper stock-loan revenue actions.