Fidelity Launches Global Real Estate Fund; iSectors Adds Growth ETF
The Fidelity real estate fund launch is timed to coincide with a change in the S&P 500 that makes real estate a stand-alone sector.
Apple, Google and Other Tech Giants Say Regulations Block Fintech Innovation
Regulations on fintech are a "significant market barrier" for would-be disruptors, according to a consortium comprising Amazon, Apple, Google, Intuit and PayPal.
Securities America to Buy Foothill Securities' Advisor Business
In the deal, Securities America will add up to 210 advisors with some $5 billion in assets.
How Key Energy Got the SEC to Go Easy on Bribery Charges
The SEC accused its Mexican subsidiary of violating provisions of the Foreign Corrupt Practices Act but only made the company disgorge $5 million in profits.
Enforcement: Goldman Trader Barred for Misleading Customers
In another action, Ameriprise was censured and fined by FINRA for failing to supervise its registered reps’ sales of closed-end funds.
12 Best & Worst Broker-Dealers: Q2 Earnings, 2016
Like in Q1, profits for financial firms generally moved in the same direction, with one exception.
Back-to-School Tax Scams on the Rise: IRS
IRS is warning of telephone scammers targeting students and parents demanding payments for non-existent taxes, such as the “Federal Student Tax.”
Morgan Stanley Reaches $4.7M Settlement With State of Mississippi
Investors at its Ridgeland branch, where client risk tolerance data was entered incorrectly, will get $4.2 million.
Female Investors Don't Lack Confidence; They Just Have High Standards: Study
A recent survey by United Capital suggests that the common idea that women lack financial confidence is malarkey.
DOL Fiduciary Rule Hits BDs’ IT Budgets, Product Lines
“Broker-dealers have to make a lot of very difficult, and in some cases expensive, decisions,” ERISA lawyer Fred Reish says.