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Bonds sell-off gains momentum, Intel gains 8% pre-market
INDUSTRY NEWS JUL 28, 2023
Bonds sell-off gains momentum, Intel gains 8% pre-market

Bonds were impacted by the BoJ's decision to loosen its grip on yields, meanwhile corporate earnings season continues.

Binance accuses CFTC of overreach, wants charges dropped
INDUSTRY NEWS JUL 28, 2023
Binance accuses CFTC of overreach, wants charges dropped

World's largest crypto exchange and its founder say the regulator's case is outside its remit and that its case is unsound.

Wristy business? Luxury watch market favors the mid-tier
INDUSTRY NEWS JUL 28, 2023
Wristy business? Luxury watch market favors the mid-tier

The secondary market for prestige timepieces shows those in the mid-tier of prices are outperforming the higher end.

Concerns percolate about how SEC’s AI proposal aligns with Reg BI
RIAS JUL 27, 2023
Concerns percolate about how SEC’s AI proposal aligns with Reg BI

Proposal will be an 'additive regime' that gets layered on, according to lawyer.

With market cooking, Ameriprise advisors see boost in revenue
PRACTICE MANAGEMENT JUL 27, 2023
With market cooking, Ameriprise advisors see boost in revenue

Bad markets make clients realize they need their advisors, says industry expert.

Political uncertainty steering 401(k)s away from ESG
RETIREMENT PLANNING JUL 27, 2023
Political uncertainty steering 401(k)s away from ESG

While about half of plan consultants and advisors recommend sustainability-themed investment options, employers are worried about legislative changes around ESG.

Former CNBC anchor Ron Insana joining Dynasty Financial
PRACTICE MANAGEMENT JUL 27, 2023
Former CNBC anchor Ron Insana joining Dynasty Financial

Insana will work with Dynasty chief investment officer Bob Shea to identify strategic opportunities for investment portfolios.

Oppenheimer hires capital-raising veteran to focus on fintech investing
INDUSTRY NEWS JUL 27, 2023
Oppenheimer hires capital-raising veteran to focus on fintech investing

The firm has appointed a head of financial technology investment banking to lead investment and financial advisory for the growing industry.

Markets consider peak rates, boosting global equities
INDUSTRY NEWS JUL 27, 2023
Markets consider peak rates, boosting global equities

The Fed's comments on waiting for the data has given new optimism to investors Thursday.

Crypto regulation framework moves forward but will it become law?
INDUSTRY NEWS JUL 27, 2023
Crypto regulation framework moves forward but will it become law?

Bill approved by House Finance Committee but may stall further down the legislative process.

Greenback weakens and it could get worse after Fed signals
INDUSTRY NEWS JUL 27, 2023
Greenback weakens and it could get worse after Fed signals

US dollar bears believe there is further weakening ahead.

Edward Jones named in potential Canadian class action
FINTECH JUL 27, 2023
Edward Jones named in potential Canadian class action

Investors join nationwide law firm suit.

Playboy Race Team-linked financial advisor who defrauded NHL players in court again
REGULATION AND LEGISLATION JUL 27, 2023
Playboy Race Team-linked financial advisor who defrauded NHL players in court again

Clients included Stanley Cup champions, other NHL stars.

Raymond James sees record client assets at end of June
BROKER DEALERS JUL 26, 2023
Raymond James sees record client assets at end of June

Meanwhile, the firm was keeping mum on 60 financial advisors from one group that left Raymond James last quarter.

Roth IRAs, 401(k)s for all? Not so fast, advisors say
RETIREMENT PLANNING JUL 26, 2023
Roth IRAs, 401(k)s for all? Not so fast, advisors say

While Ed Slott urged readers to stop contributing to traditional tax-deferred accounts, others take a more nuanced view.

$425 million advisory team jumps to LPL from Merrill
BROKER DEALERS JUL 26, 2023
$425 million advisory team jumps to LPL from Merrill

Woman-led firm sets up independent practice in Washington state.

Merrill Lynch team with $450m leaves for Steward Partners
BROKER DEALERS JUL 26, 2023
Merrill Lynch team with $450m leaves for Steward Partners

Advisors Mark Morasky, Erik Clay and Chris Figaro are launching Vantage Point Private Wealth.

Biden selects Martin O'Malley for Social Security commissioner
RETIREMENT PLANNING JUL 26, 2023
Biden selects Martin O'Malley for Social Security commissioner

The agency is responsible for distributing Social Security to more than 70 million beneficiaries and commands a $1 trillion budget.

SEC proposal would require brokers, advisors to remediate conflicts related to use of AI
FINTECH JUL 26, 2023
SEC proposal would require brokers, advisors to remediate conflicts related to use of AI

SEC Chair Gary Gensler says investors deserve to be protected but a critic argues proposal shows 'hostility toward technology.'

Advisors roll with the Fed's well-telegraphed monetary policy move
RIAS JUL 26, 2023
Advisors roll with the Fed's well-telegraphed monetary policy move

The June pause in the rate-hike cycle has introduced the possibility of another pause in September, but most advisors see rates higher for longer.