Economy & Markets
The important economic and stock market news that advisors need to know.
SEC Charges Advisory Firm With Fraud Over Illiquid Bond Sales
By Melanie WaddellAAM purchased dubious bonds on behalf of clients while aware that the sales would generate a fee for an affiliated BD, the SEC says.
December 14, 2015
Massachusetts Probes Third Avenue Junk Bond Fund FreezeInvestors "do not expect to be cut off from trading in an open-end investment company registered under the 40 Act," Secretary William Galvin said.
December 14, 2015
Investors See Third Avenue Fueling More Bond Market CarnageTop bond managers are predicting more fallout amid a market rout that forced at least three credit funds in the past week to wind down.
December 14, 2015
9 Lessons From Third Avenue FreezeThe junk bond fund's withdrawal restriction raises questions about its investment strategy as well as market liquidity more generally, Mohamed El-Erian of Allianz writes.
December 11, 2015
Are Precious Metals Still ‘Precious’?Here's why precious metals should not be used as "safe money" in a client's portfolio, according to Ron DeLegge.
December 11, 2015
Consumer Credit Card Debt Near ‘Unsustainable’ Levels: CardHubConsumers paid off almost $35 billion of credit card debt in Q1, then racked up another $53.3 billion over the next two quarters, CardHub reported.
December 11, 2015
The rise of the 1099 economyThere are a lot of names for it: the "sharing economy," the "gig economy" and the "on-demand economy" seem to be the three most popular.
December 11, 2015
Top Portfolio Products: State Street Adds ETFs; Azzad Funds Shuns GunsYou may be surprised by the anchor investor in these three new smart beta ETFs introduced by State Street Global Advisors.