The Message of a $549,000 Watch
A suggestion: some folks might want to make some of their conspicuous consumption a little less conspicuous.
Ric Edelman: What’s Wrong With IRAs, 401(k)s, and the Industry That Sells Them
The outspoken Edelman talks to ThinkAdvisor about how Wall Street preys on investors, the unconventional structure of his practice and why he opposes mutual funds.
Beware High-Speed Trading’s Hidden Cost: Seawright
Like insider trading, high-frequency trading uses an unfair information advantage against ordinary investors, says broker-dealer CIO Bob Seawright, and the damage is hard to see.
Canellos Departs SEC, Leaving Ceresney to Lead Enforcement
As was expected, the co-director of Enforcement will leave agency after 4 1/2 years, leaving Chairwoman White’s longtime lieutenant to lead the division.
BofA-Merrill Moves to Settle Lawsuit With Black Brokers
The lawsuit, which alleges discrimination and was initiated in 2005, could be resolved for a reported $160 million as early as Tuesday.
SEC Swears In 2 Commissioners; FINRA Names New Governors
Kara Stein and Michael Piwowar, both former congressional staffers, are new SEC commissioners, replacing Elisse Walter and Troy Paredes.
What Really Entices Customers to Pay More
Financial advisors like to impress their prospects with boatloads of facts, figures and data. But they might be missing a key ingredient, according to the Harvard Business Review.
Nonprofits Closed Voter Turnout Gaps in 2012 Election
People pegged as "low-propensity" voters were three times likelier to vote when engaged by nonprofits, a study found.
The Budgeting Can Kicks Washington Back
A slew of Nobel-winning economists join hundreds of other VIPs demanding honest budgeting in Washington.
Reinhart, Rogoff to Krugman: Stop Scapegoating Us
Carmen Reinhart and Ken Rogoff sent Paul Krugman a letter over the weekend decrying what they called his “spectacularly uncivil behavior.”