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Government 'mystery shopper' finds IRA fiduciary oversight is lacking
REGULATION AND LEGISLATION AUG 30, 2024
Government 'mystery shopper' finds IRA fiduciary oversight is lacking

Recommendations include new process to identify prohibited transactions.

Bullishness remains elevated despite volatility as investors see sunnier times
INDUSTRY NEWS AUG 30, 2024
Bullishness remains elevated despite volatility as investors see sunnier times

Two polls of investor sentiment reveals mostly optimism.

Treasuries poised for longest winning streak in three years
INDUSTRY NEWS AUG 30, 2024
Treasuries poised for longest winning streak in three years

Traders are focusing on Fed rate cuts rather than data releases.

Goldman says dollar-to-yuan 'avalanche' is overstated
INDUSTRY NEWS AUG 30, 2024
Goldman says dollar-to-yuan 'avalanche' is overstated

Firm says Chinese companies are not yet ready to abandon the greenback.

Musk, Tesla win dismissal of Dogecoin 'pyramid scheme' suit
INDUSTRY NEWS AUG 30, 2024
Musk, Tesla win dismissal of Dogecoin 'pyramid scheme' suit

Court said 'no reasonable investor' could rely on Musk's crypto views.

Are governments about to dump crypto holdings?
INDUSTRY NEWS AUG 30, 2024
Are governments about to dump crypto holdings?

Market concerned about impact on supply overhang.

$300M Northwestern Mutual team decamps to RayJay
BROKER DEALERS AUG 29, 2024
$300M Northwestern Mutual team decamps to RayJay

The group led by a trio of advisors is joining the firm’s independent advisor channel in Colorado.

Elizabeth Warren presses for details on Finra's enforcement slowdown
INDUSTRY NEWS AUG 29, 2024
Elizabeth Warren presses for details on Finra's enforcement slowdown

Decline in actions appears to indicate "a deliberate deregulatory effort," the Democratic senator said in a letter.

Posing as a broker, Maryland insurance agent grabs clients' savings
LIFE INSURANCE AND ANNUITIES AUG 29, 2024
Posing as a broker, Maryland insurance agent grabs clients' savings

"Customers should use regulated industries to their advantage and hire career specialists in each area of their lives," said one industry executive.

Gen Z leans on AI and family for financial guidance
INDUSTRY NEWS AUG 29, 2024
Gen Z leans on AI and family for financial guidance

Survey research unpacks AI’s role in helping Gen Z manage their finances, plus how they prioritize spending and saving.

Advisors weigh in on Nvidia's earnings, outlook
INDUSTRY NEWS AUG 29, 2024
Advisors weigh in on Nvidia's earnings, outlook

The AI chipmaker's widely anticipated second quarter earnings are out. Now advisors need to decide what to do with them.

Bank of America, Merrill Lynch fined $3M over “deficient” supervision systems
INDUSTRY NEWS AUG 29, 2024
Bank of America, Merrill Lynch fined $3M over “deficient” supervision systems

BofA and its subsidiary failed to review roughly 700 equity trades and 125,000 options trades that were “potentially manipulative,” according to Finra.

How to restart Social Security benefits 
AUG 29, 2024
How to restart Social Security benefits 

Those who took their Social Security early can suspend and restart their benefits. Find out how to restart suspended Social Security benefits in this article

The rules on Social Security for divorce 
AUG 29, 2024
The rules on Social Security for divorce 

Depending on certain criteria, you may be able to collect on your ex-spouse's Social Security as if you were still married. See how this is possible.

Nvidia finds that even when the chips aren't down, things can be bad
INDUSTRY NEWS AUG 29, 2024
Nvidia finds that even when the chips aren't down, things can be bad

Earnings report that failed to meet high expectations could dampen the AI frenzy.

ICI has 'serious concerns' about SEC reporting requirements
INDUSTRY NEWS AUG 29, 2024
ICI has 'serious concerns' about SEC reporting requirements

Will changing from quarterly to monthly reporting have negative impacts?

Which is worse, accumulating more debt or not saving enough?
INDUSTRY NEWS AUG 29, 2024
Which is worse, accumulating more debt or not saving enough?

Survey reveals Americans’ top financial regrets.

Atlanta Fed chief says more data needed before rate cut
INDUSTRY NEWS AUG 29, 2024
Atlanta Fed chief says more data needed before rate cut

Raphael Bostic says the stats need to support easing policy.

Swiss asset manager boosts US presence with Miami office
INDUSTRY NEWS AUG 29, 2024
Swiss asset manager boosts US presence with Miami office

Demand from US offshore clients has prompted the move.

Cat bond favoring hedge fund says returns already weakened
INDUSTRY NEWS AUG 29, 2024
Cat bond favoring hedge fund says returns already weakened

Investors are awaiting the extent of the 2024 hurricane season.