How Advisors are Handling the Challenge of COVID-19
By Bernice NapachA study from Practical Perspectives describes a deliberate calm among advisors despite some clients' worries.
April 14, 2020
Treasury Releases Small-Business Loan Guidance for Independent Contractors"Now sole proprietors, independent contractors and gig workers can clearly have a path" to a loan, said advisor Leon LaBrecque.
April 14, 2020
FINRA Bars Ex-Morgan Stanley Rep for Not Cooperating With InquiryThe broker was fired by the wirehouse as it reviewed a mortgage deed execution she was involved in.
April 14, 2020
Wells Fargo Q1 Profits Drop 90%The number of advisors fell by 378 from last year; meanwhile, JPMorgan's net income declined nearly 70%.
April 14, 2020
Fund Managers at Highest Cash Levels Since 9/11: BofA SurveyMost fund managers expect a U- or W-shaped recovery, Bank of America Global Research reports.
April 14, 2020
SEC Reaches Settlements in EDGAR Hacking CaseThe settlements were with David Kwon and Igor Sabodakha, accused of trading on hacked earnings reports.
April 14, 2020
UBS Is Helping Small-Business Wealth Clients Get PPP LoansThe PPP loans will be made though the Newtek Business Services Corp. and UBS Bank.
April 14, 2020
Retirement Clients' Concern Escalates as COVID-19 Surges: PollClients got more worried and made more portfolio changes in late March than a month earlier, The American College found.