Despite Weakening Art Market, These 4 Areas Show Strength
Sales at Christie’s fell sharply in the first half of 2016 compared to a year ago, but certain areas of the market are showing strength.
‘Rolling’ DOL Fiduciary Guidance Begins in Fall: DOL’s Hauser
“Our main goal in the near-term is to help people get to compliance,” Hauser said, as the April deadline nears.
Sen. Wyden Proposes Capping Contributions to ‘Mega’ IRAs
Proposed legislation would limit contributions to “mega” IRAs and help employers contribute to younger workers’ 401(k)s while they pay off student debt.
Many Advisors Don’t Understand How to Mitigate Cybersecurity Risks
While most financial advisors say cybersecurity is a top priority, many do not feel they are fully prepared to manage and mitigate this risk.
Enforcement: SEC Wins Anti-Fraud Case Against Miami; Stock ‘Whiz Kid’ Busted
A “stock trading whiz kid” agrees to pay nearly $1.5 million to settle charges of defrauding newsletter subscribers; more
Registered Advisors Hit by More State Enforcement Actions in 2015: NASAA Survey
NASAA’s just-released enforcement survey notes high percentage of frauds were perpetrated in 2015 through the internet and via CPAs and lawyers.
Ignore These 7 Climate Change Factors at Your Portfolio’s Peril: BlackRock
Financial advisors should add climate change to the list of factors they consider when thinking about portfolio risks, said BlackRock’s Richard Turnhill.
HNW Individuals’ Lax Security Easy Target for Fraud
Executive impersonation is up more than 100% in the past 6 months, David Stender of M&T Bank says.
Bill to Replace Dodd-Frank Passes House Panel
Democrats charge that Rep. Jeb Hensarling’s Financial CHOICE Act would hurt investors by dismantling the CFPB.
Global Investors Hike Cash Levels in September: BofA Merrill Lynch
Forty-two percent of global investors said high cash levels were a “bearish view on markets.”