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Morgan Stanley banker faces block-trading probe
INVESTING EQUITIES FEB 16, 2022
Morgan Stanley banker faces block-trading probe

The SEC and the Justice Department are looking at how bankers, including those at Morgan Stanley and Goldman Sachs, work with hedge funds to carry out stock sales big enough to send prices tumbling.

Hackers snagged $36 million in cryptocurrency in breach of IRA Financial
INVESTING ALTERNATIVES FEB 15, 2022
Hackers snagged $36 million in cryptocurrency in breach of IRA Financial

Company has launched investigation and contacted law enforcement because Bitcoin and Ethereum were snatched from IRA users on Feb. 8.

Stock markets seek cover amid mounting risks
INVESTING EQUITIES FEB 14, 2022
Stock markets seek cover amid mounting risks

The possibility of a war that could increase inflationary pressures or rate hikes from central banks that are more aggressive than expected are among the factors weighing on equities.

SEC bogs down on climate rule, handing White House fresh setback
YOUR PRACTICE PRACTICE MANAGEMENT FEB 11, 2022
SEC bogs down on climate rule, handing White House fresh setback

At issue is how much environmental data companies can be forced to disclose before regulators put themselves in legal jeopardy.

Morgan Stanley veteran Sharma joins Rockefeller
YOUR PRACTICE PRACTICE MANAGEMENT FEB 10, 2022
Morgan Stanley veteran Sharma joins Rockefeller

The executive will serve as managing director and chairman of Rockefeller's international unit as the firm expands its services to the world's super-rich.

Wells Fargo sets March 14 return-to-office date after delays
YOUR PRACTICE PRACTICE MANAGEMENT FEB 10, 2022
Wells Fargo sets March 14 return-to-office date after delays

The bank is allowing some fully vaccinated staff to voluntarily return, as well as resume business meetings, travel, and client visits.

Half-point Fed hike in March is a coin flip after hot inflation
INVESTING MUTUAL FUNDS FEB 10, 2022
Half-point Fed hike in March is a coin flip after hot inflation

U.S. consumer prices jumped in January by more than expected, representing a bigger hit to Americans’ paychecks as inflation charges ahead at the fastest pace since 1982.

Harbor Capital eyes mutual fund conversions in major ETF push
INVESTING MUTUAL FUNDS FEB 09, 2022
Harbor Capital eyes mutual fund conversions in major ETF push

After launching its first ETFs in 2021, the Chicago-based firm wants to have as many as 12 by the end of the year.

Treasury official says the need for stablecoin legislation is ‘urgent’
INVESTING ALTERNATIVES FEB 08, 2022
Treasury official says the need for stablecoin legislation is ‘urgent’

Treasury's Liang says that firms offering the coins should face the heightened scrutiny that lenders receive under U.S. rules.

Billions flowing into cash-like ETFs ahead of Fed hike
INVESTING MUTUAL FUNDS FEB 08, 2022
Billions flowing into cash-like ETFs ahead of Fed hike

Traders are moving into exchange-traded funds focused on ultra-short instruments like Treasury bills, while offloading ETFs holding longer-dated debt.