SEC Probes Whether 12b-1 Fees Are Used Properly
SEC is examining whether the rules for the fees and their disclosure are being followed and “what funds are paying intermediaries for.”
Janus’ Bill Gross: Government Needs to Spend More
A bond manager embracing inflation or calling for government spending is far from hard-money stereotypes, but Gross argues they're necessary for today’s new normal.
SEC, FINRA Enforcement: HFT Firm Charged With Manipulating Closing Prices
In another action, FINRA slapped TD Ameritrade for a recordkeeping failure.
IRS Warns on Phone Scams as Its Contractors Put Taypayer Info at Risk
Agency warns of the biggest phone scam it has ever seen; meanwhile, a report finds IRS gave contractors taxpayer data without mandatory background checks.
The Tech Revolution's Disruptions Begin
Keep an eye on tech-driven socioeconomic tensions.
When Advisors Face Creative Destruction
How not to go the way of the medieval scribes.
10 Best Mobile Apps for Financial Advisors: 2014
There’s a morass of apps available, but as a financial advisor, which are best for your business? Here are 10 that are worth your time.
Bernanke’s ‘Tragic Flaw’ Feeds Fed-Fueled Bubble: Fed Filmmaker
Jim Bruce, producer and director of "Money for Nothing," says Yellen shares Bernanke’s background; sees crash coming.
SEC, FINRA Enforcement: Alcoa Fined $384M for Bribery
Meanwhile, Barclays felt FINRA's wrath, and J.P. Morgan Securities racked up two FINRA fines.
SEC, DOL Enforcement: Indiana School District, Muni Bond Writer Face Investor Fraud Charges
Recent actions include FERC winning a $410 million settlement from JPMorgan, DOL stepped in against Kentucky-based plan fiduciaries, insider trading charges against former CEO in Spain.