Double-Digit Earnings Gains Will Be Tough in Q2: LPL’s White
Analysts are upbeat but not exuberant in terms of their expectations for the overall earnings season.
Ex-Advisor to Spend 2.5 Years in Jail, Repay $437,000 to Investors
Stephen S. Eubanks pled guilty to fraud earlier this year after taking money from friends and neighbors in greater Boston.
2 Men Who Bilked Retirement Plans Sentenced
Two different Ponzi schemes by Arkansas and Ohio men net stiff prison terms.
Rep. Wagner Drafts Bill to Kill DOL Fiduciary Rule
Rep. Ann Wagner’s bill seeks to replace the rule with a best interest standard on BDs’ investment recommendations.
High Profit Margins or High Growth: Choose One
Firms that focus too much on profit margins in order to bring home more income now cut off opportunities to grow their firms.
HighTower Nears $50B Mark, Adds 3 Execs
The firm hires George Fischer, Susan Krakower and Kyle Okimoto, who have worked for Merrill Lynch, E-Trade and CNBC.
Bernard Health Expands Partnership With Financial Advisors: Portfolio Products
Also, MSRB launched a free, scenario-based course to educate advisors and investors about municipal bonds.
FINRA Earnings Rise as Fines Soar
Fines rise 85%; pay stays close to $1 million and higher for at least four execs.
U.S. Global's New Gold ETF Brings a Quant's Approach to the Metal
Firm uses smart beta factor strategies to target companies; investors have pulled record amounts from gold funds this year.
Grantham’s GMO Dissolves International Stock Team as Assets Fall
A more quant-focused global equity team takes over strategies; GMO’s assets under management have fallen steeply in recent years.