- A financial adviser who ripped off her lone client, an NFL linebacker, gets sacked with six months in prison and a $2.2 million penalty. "Sophisticated criminal fraudster"
- Meanwhile, in Cincinnati, a fake hedge fund manager pleads guilty to operating a Ponzi scheme. $100 million mail and wire fraud case
- Today's big question: Will the Fed announce the start of tapering? Most see QE continuing unchanged
- There is a 98% chance of a stock market crash next year, if you believe in “Doomsday polls.” Reality will set in
- Money managers turn to the weakened yen to fund Asian bets in an end run around rising rates. Yen is down 16% versus the Dollar this year
- Rich New Yorkers have their cake and eat it too by setting up tax-dodging trusts in other states. Tax avoidance costs the state $150 million a year
- Mortgage applications have fallen to a multi-year low. Rising rates put the brakes on housing market growth
- The Census department helps you measure your income against your neighbors'. Keeping up with the Joneses
- Ten ways Congress is wasting taxpayer money. $5 million for customized crystal stemware
Investment Insights: The Blogblog
Jeff Benjamin breaks down the game for advisers and clients.
Adviser gets sacked after ripping off her NFL linebacker client
Plus: The taper question, 98% chance of a market crash next year, the yen-dollar trade, New Yorkers dodge taxes, and Congress wastes your money
Explore your opportunities and be informed for your next move.
Ugo W. Egbunike Dir. Of Business Development, ETF.com Greg Crawford Deputy Editor, InvestmentNews
February 11, 2014