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Cetera Advisors charged with defrauding clients
MUTUAL FUNDS AUG 30, 2019
Cetera Advisors charged with defrauding clients

SEC said firm failed to disclose conflicts of interest related to more than $10 million in compensation.

Mnuchin eyes 100-year debt Wall Street would just as soon forget
FIXED INCOME AUG 29, 2019
Mnuchin eyes 100-year debt Wall Street would just as soon forget

Big banks on Treasury's borrowing advisory committee have been pessimistic about the notion of ultra-long bonds.

The upside of betting on inflation
RIAS AUG 29, 2019
The upside of betting on inflation

Treasury inflation-protected securities are gaining popularity as a yield play

There's a wrong way to use target-date funds
RIAS AUG 28, 2019
There's a wrong way to use target-date funds

Investing in other funds in addition to a TDF adds risk and defeats the purpose.

UBS shifts to underweight position on equities
EQUITIES AUG 26, 2019
UBS shifts to underweight position on equities

Cites trade wars and political uncertainty as main reasons for downgrade.

Stocks sink as U.S.-China feud deepens
EQUITIES AUG 23, 2019
Stocks sink as U.S.-China feud deepens

Escalation of the trade war heightens concerns about the already shaky economic outlook.

Advisor Group acquisition financed by debt rated 'junk' by S&P
ALTERNATIVES AUG 23, 2019
Advisor Group acquisition financed by debt rated 'junk' by S&P

High levels of debt could be impacted by declining interest rates, the debt rating firm says.

Muni-bond refinancing surges as yields hold near a record low
FIXED INCOME AUG 22, 2019
Muni-bond refinancing surges as yields hold near a record low

The jump is a welcome shift for Wall Street underwriters and mutual-funds that have cash they need to invest.

UBS hit with $4.4 million arb award over Puerto Rico bonds and funds
WIREHOUSES AUG 22, 2019
UBS hit with $4.4 million arb award over Puerto Rico bonds and funds

Finra panel gives UBS investors $4.25 million in damages, $170,000 in costs.

ETF providers quietly dial back production
MUTUAL FUNDS AUG 22, 2019
ETF providers quietly dial back production

Some major ETF providers haven't launched a fund all year

Vanguard social-investing error prompts funds to check controls
ESG AUG 22, 2019
Vanguard social-investing error prompts funds to check controls

The mishap raises new questions about how ETF managers monitor the indexes that underlie their portfolios.

S&P 500 ETF separates truth from turbulence
EQUITIES AUG 21, 2019
S&P 500 ETF separates truth from turbulence

The trading volume on SPY can serve as a decent leading indicator for equities.

SEC affirms its authority over proxy advisory firms that CEOs hate
EQUITIES AUG 21, 2019
SEC affirms its authority over proxy advisory firms that CEOs hate

Commissioners vote 3-2 to issue guidelines on fund managers' responsibilities in dealing with proxy advisers

ESG data getting better as the market matures
ALTERNATIVES AUG 21, 2019
ESG data getting better as the market matures

In one indication of how rapidly the market is evolving, S&P Dow Jones launched the S&P 500 ESG Index in January.

Finra fines former Morgan Stanley rep for impersonating a client
MUTUAL FUNDS AUG 20, 2019
Finra fines former Morgan Stanley rep for impersonating a client

To transfer retirement funds, John Tillotson faked identity in call to mutual fund company.

Faith-based funds attract loyal investors
RIAS AUG 20, 2019
Faith-based funds attract loyal investors

It turns out negative screens aren't necessarily a drag on funds' performance.

Stock volatility spurs worst run of ETF withdrawals in six months
EQUITIES AUG 19, 2019
Stock volatility spurs worst run of ETF withdrawals in six months

Almost $18 billion exited U.S.-listed equity ETFs over the past three weeks.

Cost to play bigger role in investment recommendations
LIFE INSURANCE AND ANNUITIES AUG 19, 2019
Cost to play bigger role in investment recommendations

Large firms are well-situated to comply with the cost standards in the SEC's Reg BI given changes they made to prepare for the DOL fiduciary rule.

Why Pimco fixed-income fund fell as long bonds rallied
MUTUAL FUNDS AUG 19, 2019
Why Pimco fixed-income fund fell as long bonds rallied

Fund's performance reflects its duration and its holdings of mortgage-backed securities.

Ex-broker in South Florida pleads guilty in Castleberry Financial fraud case
ALTERNATIVES AUG 19, 2019
Ex-broker in South Florida pleads guilty in Castleberry Financial fraud case

Meanwhile, another executive charged in same fraud dies in jail awaiting trial.