SEC, CFTC Enforcement: Knight Capital Fined $12M in Market Access Debacle
The CFTC got an acknowledgment from JPMorgan of fault in the London Whale case, while the SEC won one high-profile case and lost another.
Goldman’s Blankfein for Treasury Secretary?
CEO Lloyd Blankfein hinted he might like the job, just not anytime soon, in a wide-ranging interview with Bloomberg TV.
Top 10 Wealth Management Trends for 2013
Every year brings its own challenges, but 2013 is likely to be an exceptionally dynamic year for wealth managers, the Aite Group predicts.
Equities Cult High Priest Malkiel Burns PIMCO’s Gross: Reducing Stocks Would Be ‘Huge Mistake’
PIMCO Chairman Bill Gross launched a bond investor’s jihad recently with his remarks that the “cult of equities is dying.” Burton Malkiel, author of “A Random Walk Down Wall Street,” is the latest to fire back.
Knight Capital Debacle Underscores Technological Market Risks
How stable are the electronic trading markets? The Knight Capital glitch once again throws this into question into the limelight.
New Hire Roundup: Orizon Joins Mariner
This week in new hires, Mariner Wealth Advisors announced its acquisition of a majority interest in Orizon Investment Counsel’s wealth management division, and Lynne Ford joined Calvert Investments.
Top Portfolio Products: Granite Launches Value Fund, Knight Capital Adds Two Astor ETFs
New products introduced over the last week include a new value fund from Granite Investment Advisors and two new ETF mutual funds from Knight Capital; the adoption of a FTSE benchmark by Vanguard for one of its funds; and the addition of more tools to its active trading platform by...