SEC Charges Investment Advisor and CEO With Misleading Investors
By Emily ZulzThe firm and its CEO steered advisory clients and other investors into risky investments while pocketing hefty commissions, the SEC said.
July 18, 2018
Fund Managers Are Getting Really Worried About a Trade War: Merrill"Equity allocation has fallen notably while growth and profit expectations have slumped," Merrill's chief investment strategist said.
July 18, 2018
4 States Sue Feds Over Caps on State and Local Tax DeductionsThe lawsuit by New York, New Jersey, Connecticut and Maryland argues that the deduction is essential to prevent federal tax powers from interfering with constitutionally guaranteed state rights.
July 18, 2018
Life Application Activity Inches Higher: MIBThe best performance came from the activity level for consumers ages 60 and older.
July 18, 2018
RIA M&A Deals On Track to Hit Record Highs: ReportEconomic conditions have allowed RIA M&A deals and breakaways to remain at near-record levels, according to Echelon Partners.
July 18, 2018
Private Foundations Enjoyed Growth Surge in 2017The bull market was a big driver, but it wasn't the only one, Foundation Source reports.
July 17, 2018
House Passes Hensarling's 'JOBS Act 3.0'Rep. Maxine Waters says the bill doesn't "weaken Dodd-Frank's financial reforms, harm consumers, or provide giveaways to Wall Street."
July 17, 2018
Cetera Financial's Future Owner Is RevealedAfter months of speculation about a sale, the group—which has 8,000 affiliated advisors—is set to be bought by a private-equity firm.