9 Reasons Why Alan Greenspan Is Wrong About Everything
Former Federal Reserve Chairman Alan Greenspan recently laid out nine reasons the economy stinks. Here’s why he’s wrong, according to New York Life’s John Kim.
SEC Enforcement: Kansas Charged With Securities Fraud
In another action, a brokerage firm and its founder were charged with violating net capital requirements and falsifying data in an attempt to mislead examiners.
5 Big Effects of Beijing Coal Ban
Beijing has nixed coal use by 2020. Here are five things investors should consider.
SEC Enforcement: Smith & Wesson Fined $2 Million for Bribery
In more actions, a judge ordered Bank of America to pay $1.27 billion for a mortgage "hustle."
SEC, FINRA Enforcement: More Charged in Football-Related Boiler Room Scheme
In other actions, the SEC charged the CEO of penny stock company CytoGenix, and his so-called business partner, with defrauding investors via false press releases.
Worries Peak on Puerto Rico Utilities Debt After New Bankruptcy Law
After debt-restructuring bill’s passage, bondholders watch to see if the commonwealth's electric utility will make Tuesday payment; two fund companies sue to declare law unconstitutional.
Morningstar Goes to Cash
Morningstar is concerned enough about valuations in U.S. markets that the firm’s chief investment officer is keeping his unconstrained portfolio at 40% cash.
Venezuela: Chavez Successor Fails Economy, Lashes Out at Neighbors
Maduro’s tactics force investors, businesses to reconsider involvement in country.
Growth and Value
Fort Pitt Capital Group started life as the money management division of a brokerage firm in Pittsburgh.
National Companies Step In as Banks Exit Commodities Markets
Thanks to regulatory changes, the departure from commodities markets has opened the door for national companies to enter. But those aren't the only changes afoot.