Yellen Says Economy Near Goals, Warrants Gradual Rate Hikes
U.S. central bankers are bracing for what could be an economic regime shift.
House Bill Would Let Students Pay Off Loans With 529 Plans
The legislation also would encourage companies to help employees save for college or for disability care via tax incentives.
CFPB Sues Navient, the Largest US Student Loan Servicer
The CFPB charges Navient with illegal practices that pushed borrowers deeper into debt or prevented their participation in income-driven repayment plans.
Massachusetts Moves to Stop $15M Hedge Fund Ponzi Scheme
A fund manager moved 47 investors’ money around in a classic “shell game,” Secretary William Galvin said.
DOL Rule in Flux, but Fiduciary Advice Inevitable
Regardless of the rule's fate, the industry is undoubtedly moving toward a fiduciary standard of care and holistic financial advice.
Deutsche Bank to Pay $7.2B for Misleading Investors
Mortgage probe by Justice Department was among the bank’s biggest litigation risks.
Wells Fargo Advisors Wins $23M in Baird Raiding Case
"Raiding is brought up when firms feel they are being specifically targeted by competitors," recruiter Jon Henschen says.
Top 10 Investing, Business Ideas for Advisors in 2017: Mercer
Among Mercer’s suggestions are to prepare for regulatory changes and align revenue compensation models.
Mary Jo White Fears Demise of SEC’s Independence
The departing SEC chair worries that "partisan tides" are making it harder for the agency to independently pursue its mission.
Morgan Stanley Q4 Profits Double, but Wealth Group Misses Target
CEO James Gorman says the firm's wealth management operations will produce better results this year.