How the Wirehouses Embraced ETFs
Wirehouses and other large broker-dealers have emerged as key players in ETF distribution; big data and smart beta will drive the trend further.
Puerto Rico Loophole Utilized by UBS Targeted by House Lawmaker
Congressman plans to introduced bill to eliminate the island's exemption from the Investment Company Act of 1940.
Moynihan Remains BofA Chairman After Vote, Fends Off Critics
Bank of America CEO survives campaign by pension funds to split his roles.
Wall Street Cracks Down on Free Sharing of Analysts' Notes
Brokerage and bank executives are frustrated that so much research ends up on Twitter minutes after its release.
Burned by Oil Trade, Debt Investors Think Twice
Low oil prices make hedge funds and private equity firms leery of lending to the industry.
Gundlach: What to Do When the Fed Finally Raises Rates
Gundlach says long-term rates will fall and long-term Treasury prices will rise when the Fed hikes rates.
Ritholtz: The Price of Losing Bill Gross or Jeff Gundlach
Once an ace manager departs, it seems it's only a matter of time before the outsize reputation of that fund departs as well, Ritholtz writes.
SEC, FINRA Enforcement: Newswire Hackers to Pay $30M
Meanwhile, a former Morgan Stanley broker pleaded guilty to trading on insider tips written on napkins.
Maybe Banks Manipulated Treasury Bonds, Too
It seems quite plausible that the next round of big banks-rigging-things cases will be about rigging the Treasury auction market.
PIMCO, Fidelity Stung by Collapse of Petrobras’ 100-Year Bond
The two fund groups are among the three biggest holders of the securities, which have fallen 15%.