Pershing Hit With $1.4M Fine Over Bad Interest Rate Data
By Melanie WaddellOne million account statements and trade confirmations had inaccurate interest rate information for some securities, FINRA said.
July 31, 2024
Higher Stock Prices and Worried Investors Boost Q2 Annuity SalesRegistered index-linked annuities and deferred income annuity sales sizzled, according to the latest LIMRA survey.
July 31, 2024
Firm Violated Reg BI With Risky Options Strategy: SECWestern International Securities was fined $140,000 for letting a former rep day trade options in clients' accounts.
July 31, 2024
Market Sees Rate Cuts As a Sure Thing: Peter MalloukThe market expects a rate cut to come in September, the leader of RIA Creative Planning says.
July 30, 2024
Ameriprise and Wells Fargo Sued Over Low Interest on Client CashThe lawsuits follow similar client complaints against LPL Financial and Morgan Stanley.
July 30, 2024
Senate to Vote on Tax Bill With 100% Bonus DepreciationThe Senate majority leader plans a Thursday vote on the Tax Relief for American Families and Workers Act.
July 30, 2024
Jeremy Siegel: New Stock Winners Starting to EmergeLower interest rates could fuel value stocks, the economist suggested, while growth stocks stay short of peaks.
July 30, 2024
Tech Stocks Sink as War Jitters Fuel Rush to BondsMost shares in the S&P rose, but renewed tech weakness weighed on the gauge, with Nvidia tumbling 5%.