Industry News

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Bill Gates chooses nuclear option for multi-billion-dollar investment
NEWS INDUSTRY NEWS JUN 17, 2024
Bill Gates chooses nuclear option for multi-billion-dollar investment

His startup firm is building a power plant in Wyoming.

US seniors lost a reported $1.2B to investment fraud in 2023
NEWS INDUSTRY NEWS JUN 14, 2024
US seniors lost a reported $1.2B to investment fraud in 2023

FBI report unpacks impact of investment fraud, crypto scams, and romance scams on elderly Americans.

With an ocean of resources, investors are surfing their way to confidence
NEWS INDUSTRY NEWS JUN 14, 2024
With an ocean of resources, investors are surfing their way to confidence

Schwab survey shows optimism cutting across generations as investment advice, education, and tools become more available.

Trump tax proposals would spark "mother of all stagflations," warns Larry Summers
NEWS INDUSTRY NEWS JUN 14, 2024
Trump tax proposals would spark "mother of all stagflations," warns Larry Summers

The former US Treasury secretary blasts the policy platform of tariff hikes, income tax cuts, and Federal Reserve pressure.

Advisors' E&O insurance premiums have fallen sharply for one risk asset group
NEWS INDUSTRY NEWS JUN 14, 2024
Advisors' E&O insurance premiums have fallen sharply for one risk asset group

RIAs wanting to add cryptos and other digital assets to portfolios are in luck.

Gen Xers are headed for retirement but many have financial regrets
NEWS INDUSTRY NEWS JUN 14, 2024
Gen Xers are headed for retirement but many have financial regrets

Allianz Life survey finds concerning gaps in retirement readiness.

Is the crypto boom running out of steam?
NEWS INDUSTRY NEWS JUN 14, 2024
Is the crypto boom running out of steam?

Bitcoin returns weaker than stocks, bonds, gold.

Alternative asset managers M&A is gathering pace
NEWS INDUSTRY NEWS JUN 14, 2024
Alternative asset managers M&A is gathering pace

Bigger firms mean more capital, new opportunities.

JPMorgan believes currency carry trades could lose appeal
NEWS INDUSTRY NEWS JUN 14, 2024
JPMorgan believes currency carry trades could lose appeal

Volatility and the Fed's rates policy may weaken potential.

Off-channel communications a struggle for most financial firms, says global report
NEWS INDUSTRY NEWS JUN 13, 2024
Off-channel communications a struggle for most financial firms, says global report

Annual study unpacks compliance headaches and concerns around WhatsApp, electronic communications, social media, and AI.

AAPI individuals lead in asset ownership and income
NEWS INDUSTRY NEWS JUN 13, 2024
AAPI individuals lead in asset ownership and income

Analysis of census data finds Asian American and Pacific Islanders tend to exceed other groups on several financial fronts.

Is growth stock domination coming to an end?
NEWS INDUSTRY NEWS JUN 13, 2024
Is growth stock domination coming to an end?

Value stocks have had a rough time over the past few years. Some advisors see a change at hand.

SEC bars ex-LPL advisor who aided special needs rep's trading scheme
NEWS BROKER DEALERS JUN 13, 2024
SEC bars ex-LPL advisor who aided special needs rep's trading scheme

'Lie, whatever you have to do, to get those trades placed,' one advisor said to the other, according to the SEC.

Northwestern Mutual unveils C-suite changes in strategic realignment
NEWS INDUSTRY NEWS JUN 13, 2024
Northwestern Mutual unveils C-suite changes in strategic realignment

Four key leaders are getting new titles and mandates as the firm sharpens its focus on wealth amid an impending CEO succession.

Wirehouse sacks staff after investigating allegations of faking work
NEWS INDUSTRY NEWS JUN 13, 2024
Wirehouse sacks staff after investigating allegations of faking work

More than a dozen staffers fired over alleged 'simulation of keyboard activity,' according to Finra disclosures.

SEC says firm, founder lost or spent $3M of investors' money in fraud
NEWS INDUSTRY NEWS JUN 13, 2024
SEC says firm, founder lost or spent $3M of investors' money in fraud

The agency's action is alongside criminal charges by New Jersey’s state attorney.

Bond traders unconvinced the Fed will only cut once
NEWS INDUSTRY NEWS JUN 13, 2024
Bond traders unconvinced the Fed will only cut once

Markets believe data still suggests additional changes.

JPMorgan sees AI early-adopters' advantage for companies
NEWS INDUSTRY NEWS JUN 13, 2024
JPMorgan sees AI early-adopters' advantage for companies

Those that use transformative tech could be see next investment surge.

Musk says shareholders hugely in favor of his $56B Tesla pay
NEWS INDUSTRY NEWS JUN 13, 2024
Musk says shareholders hugely in favor of his $56B Tesla pay

He also said they back the firm's move to Texas.

Asset managers to square off at global chess championship
NEWS INDUSTRY NEWS JUN 12, 2024
Asset managers to square off at global chess championship

Representatives from Goldman Sachs and BlackRock are clashing with other blue-chip firms to see who can capture victory in the 64 squares.