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SEC gives exchanges greenlight to list Ether ETFs
INDUSTRY NEWS MAY 24, 2024
SEC gives exchanges greenlight to list Ether ETFs

The next step is approval for individual fund managers.

BofA strategist says sell signal is getting closer
INDUSTRY NEWS MAY 24, 2024
BofA strategist says sell signal is getting closer

Michael Hartnett believes global equities rally is unsustainable.

How global trade is undergoing combative transformation
INDUSTRY NEWS MAY 24, 2024
How global trade is undergoing combative transformation

US, China, Europe are battling for their interests in new trade era.

Lawmakers get their wish as SEC gives Ether ETFs the green light
ALTERNATIVES MAY 23, 2024
Lawmakers get their wish as SEC gives Ether ETFs the green light

Citing bitcoin ETFs, a bipartisan group of house representatives issued the call ahead of the federal securities regulator’s pivotal decision.

Miami advisors fight over book of business
INDUSTRY NEWS MAY 23, 2024
Miami advisors fight over book of business

'Handshake' deal goes wrong for two south Florida advisors.

Integrity at heart of absolute return-based approach
INDUSTRY NEWS MAY 23, 2024
Integrity at heart of absolute return-based approach

'If we lose business doing the right thing, that's okay – but we certainly don't want to do that,' says CEO.

401(k) vs IRA: which is a better wealth management tool?  
MAY 23, 2024
401(k) vs IRA: which is a better wealth management tool?  

Those seeking to preserve wealth and save for retirement may be confused. Should they choose a 401(k) plan vs an IRA? Find the answers here.

Raymond James snags $435M Merrill Lynch team
BROKER DEALERS MAY 23, 2024
Raymond James snags $435M Merrill Lynch team

The brokerage giant extends its reach in Massachusetts with a group that includes a father-son advisor duo.

$10M penalty vs. NYSE parent goes too far, say SEC commissioners
REGULATION AND LEGISLATION MAY 23, 2024
$10M penalty vs. NYSE parent goes too far, say SEC commissioners

Two dissenting voices from the federal regulator warned the penalty could create "a counter-productive dynamic" with its regulated entities.

Schwab to offer alternative investments for qualified investors
ALTERNATIVES MAY 23, 2024
Schwab to offer alternative investments for qualified investors

Executives at the online brokerage giant unveiled plans to roll out a platform that includes private credit, PE, VC, and long-short funds.

Gorman to step down as Morgan Stanley chairman at end of year
INDUSTRY NEWS MAY 23, 2024
Gorman to step down as Morgan Stanley chairman at end of year

The decision to step down is seen as a vote of confidence in new CEO Ted Pick's leadership.

JPMorgan on the prowl for a partner in private credit
ALTERNATIVES MAY 23, 2024
JPMorgan on the prowl for a partner in private credit

The banking behemoth is looking to extend its $3.6T asset management arm's reach in the piping-hot sector, according to sources.

What is Carson Group without Carson?
RIAS MAY 23, 2024
What is Carson Group without Carson?

Leadership changes and damaging lawsuit happened just as the company's founder stepped out of the CEO role.

Driving growth at Merrill Lynch's Charlotte office
INDUSTRY NEWS MAY 23, 2024
Driving growth at Merrill Lynch's Charlotte office

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southeast): James Wolf, Merrill Lynch Wealth Management.

New digital assets legislation is unfit to maintain investor protection, SEC chair warns
REGULATION AND LEGISLATION MAY 23, 2024
New digital assets legislation is unfit to maintain investor protection, SEC chair warns

Financial Innovation and Technology for the 21st Century Act passed by the House.

Finra refutes firms' claims that it is forcing them to get workers back into the office
REGULATION AND LEGISLATION MAY 23, 2024
Finra refutes firms' claims that it is forcing them to get workers back into the office

Regulator says that claims of 'stringent' new rules are incorrect.

Nvidia earnings fuel equities gains despite dovish Fed
INDUSTRY NEWS MAY 23, 2024
Nvidia earnings fuel equities gains despite dovish Fed

Tech firm's results reassured investors of AI boom.

One key decision by providers may weaken Ether ETF demand
INDUSTRY NEWS MAY 23, 2024
One key decision by providers may weaken Ether ETF demand

Investors may opt to buy the crypto direct as firms avoid 'staking' coins.

New York trial begins for Chinese tycoon accused of $1B fraud
INDUSTRY NEWS MAY 23, 2024
New York trial begins for Chinese tycoon accused of $1B fraud

Guo Wengui is accused of swindling investors in crypto scheme.

G-7 finance chiefs met but wont deal with public debt mountains
INDUSTRY NEWS MAY 23, 2024
G-7 finance chiefs met but wont deal with public debt mountains

With elections looming, officials are not keen to talk about huge borrowing.