Long-Term Demographic Shift Will Lead to Global Focus
Jerry Verseput believes in structure. The former engineer, now head of Veripax Financial Management, the RIA he founded in 2006, looks on the way investments are structured as opportunities, and among those opportunities are the risks in global diversification.
Top Portfolio Products: ETF Securities, Zacks Launch 2 Funds
Russell Investments, Integral add execution service for foreign-exchange transactions.
Enforcement Roundup: Wells Fargo, JPMorgan Slammed Over Mortgage Kickbacks
Meanwhile, the SEC charged a Fort Lauderdale-based advisory fund manager and his firm with running a Ponzi scheme to buy jewelry, cars and a house.
New Italian Prime Minister Creates Uncertainty for Investors
Italy could be in for a bit of a rough ride thanks to the resignation of its longest-serving president, Giorgio Napolitano.
New Hire Roundup: CFP Board Names Richard Rojeck Chairman
Meanwhile, Incapital named John DesPrez III CEO, Rene Chaze became COO of Edelman Financial and Morgan Stanley named two commodities chiefs.
Investor Alert: Malaysia Faces Tough Going in 2015
Malaysia is going through rough times and investors need to be informed. Its economy has suffered and the trend looks likely to continue in the year to come.
Top Portfolio Products: Incapital, Nuveen Launch Equity Unit Trust
First Trust moves fund to Nasdaq, as Main Street Financial rolls out software and an app.
SEC, FINRA Enforcement: Franklin Resources, Chairman Sued for $150M Over Long-Ago Stock Bequest
In another action, FINRA expelled a firm for stock manipulation and barred its CEO, who looted the firm to pay for tattoos and pet care.
China Casino Crackdown Rattles Gambling Investors
Hong Kong officials launched the New Year with a freeze in assets of Cheung Chi-tai, a major player among casino junket operators.
New Hire Roundup: Morningstar Shuffles Leadership
Meanwhile, the SEC has appointed a new equity market structure committee, which includes FINRA CEO Richard Ketchum.