The Massachusetts Secretary of the Commonwealth sent letters to firms including JPMorgan and Morgan Stanley to learn how they are using AI with investors.
But LPL Financial, Fidelity back the idea of allowing supervisors to work from home, using technology to oversee reps, as they did during the pandemic.
'If you’re expecting any meaningful legislation to emerge from all the Republicans’ talking points, think again,' says Washington Research Group's John Miller.
But demand for futures products, rather than spot ones, is a big question.
Scams involving members of a group such as a church, known as affinity frauds, pose perils for investors, one attorney notes.
In cutting its rating on US sovereign debt to AA from AAA, Fitch cited 'repeated debt limit standoffs and last-minute resolutions.'
Financial advisors say a bill recently introduced in Congress sounds good but would be difficult to administer.
State auto-IRAs and provisions of the Secure 2.0 Act could help, but there are numerous factors underlying wealth inequality.
A man and entities he controls have been charged for allegedly selling unregulated securities and for fraudulent use of some of the proceeds.
Charges 'about as serious as it gets' after advisor allegedly tricks client into signing a power of attorney to enable ripoff.
Big fine expected as the agency looks for another scalp.
Many of the investors were elderly retirees who were members of the same church as the man charged.
Proposal will be an 'additive regime' that gets layered on, according to lawyer.
While about half of plan consultants and advisors recommend sustainability-themed investment options, employers are worried about legislative changes around ESG.
Investors join nationwide law firm suit.
Clients included Stanley Cup champions, other NHL stars.
The agency is responsible for distributing Social Security to more than 70 million beneficiaries and commands a $1 trillion budget.
SEC Chair Gary Gensler says investors deserve to be protected but a critic argues proposal shows 'hostility toward technology.'
One broker used client funds to pay expenses, while another used client cash to buy real estate.
The Federal Reserve will make the announcement at 2 p.m. ET and markets are expecting another increase.
