- The sudden and stunning collapse of Aequitas Capital Management continues to unfold. The obscure alternative investments platform is under investigation by both the SEC and Consumer Financial Protection Bureau. Nearly $600 million was bet on a diverse array of subprime lending strategies. This does not look good. Particularly awkward chaos. Aequitas, which relied on financial advisers to bring in investor capital, announced earlier this month it is laying off 80 employees while the source of the problems come to light.
- The case is being made for a 30% stock market slide this year. The market technician versus the market fundamentalist.
- What happens when the founders of the advisory firm you work for are looking to sell the business? The acquirers will want to make sure the business cash flow remains stable.
- There has been a crazy spike in tax scams this year. Be careful out there. Phishing and malware incidents are up 400%.
Investment Insights: The Blogblog
Jeff Benjamin breaks down the game for advisers and clients.
Aequitas Capital alts platform implodes, while investors and advisers are kept in the dark
Plus: A case being made for a 30% stock market decline this year, working for an advisory firm that's up for sale, and tax scams spike 400%
Recommended for you
Sponsored by Prudential
Latest news & opinion
Introducing 20 female financial advisers and industry executives who are distinguished leaders, advancing the business of providing advice through their creativity and hard work.
Also ask firms to pay for the administration of the protocol to 'ensure its longevity and relevance.'
Several Republican senators expressed reservations about the bill, and the GOP cannot afford too many defections.
Tax reform legislation expected to have more of a challenge in upper chamber.
The agency pursued 82 cases against advisers and firms in fiscal year 2017, down from 98 the previous year.