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'Womenomics' researcher to bring ESG to Japanese startups
WOMEN ADVISOR COMMUNITY JUN 01, 2021
'Womenomics' researcher to bring ESG to Japanese startups

Kathy Matsui, formerly of Goldman Sachs, starts female-run venture fund to support health care, fintech and other young firms.

Biden tax plan forecast to bring in $3.6T in decade
REGULATION, LEGAL & COMPLIANCE MAY 28, 2021
Biden tax plan forecast to bring in $3.6T in decade

The biggest surprise in Biden’s tax proposal is that it assumes an increase in the capital gains rate would be retroactive to April 2021, which would prevent wealthy people from selling off their assets quickly to avoid the hike.

Fintech Stash weighs options for going public
FINTECH MAY 28, 2021
Fintech Stash weighs options for going public

The robo-adviser raised $125 million in a February funding round, for a $1.4 billion valuation.

Companies more receptive to diversity-related investor proposals
PRACTICE MANAGEMENT MAY 28, 2021
Companies more receptive to diversity-related investor proposals

IBM, First Solar, and DuPont among the companies pressured by shareholders this year to pledge diversity changes.

Shareholder victory over Exxon emboldens ESG supporters
RIA NEWS MAY 28, 2021
Shareholder victory over Exxon emboldens ESG supporters

Engine No. 1 win over oil giant's management team suggests climate change and sustainable investing are now mainstream.

Robinhood loses bid to halt enforcement of Massachusetts fiduciary rule
REGULATION, LEGAL & COMPLIANCE MAY 28, 2021
Robinhood loses bid to halt enforcement of Massachusetts fiduciary rule

The online trading app sued to overturn the state's fiduciary rule after Massachusetts accused Robinhood of manipulating customers.

Biden's budget would raise annual spending to $6 billion
REGULATION, LEGAL & COMPLIANCE MAY 27, 2021
Biden's budget would raise annual spending to $6 billion

The budget will assume the increase in the top capital gains tax rate to 43.4% that Biden has proposed will be effective retroactive to late April.

Woman in NYC bird-watcher case sues Franklin Templeton over firing
PRACTICE MANAGEMENT MAY 27, 2021
Woman in NYC bird-watcher case sues Franklin Templeton over firing

Amy Cooper says the company falsely claimed that it conducted an investigation before firing her.

SEC chairman signals more scrutiny of crypto, SPACs
REGULATION, LEGAL & COMPLIANCE MAY 26, 2021
SEC chairman signals more scrutiny of crypto, SPACs

Gensler told lawmakers Wednesday that special purpose acquisition companies and digital coins pose significant policy and investor-protection questions.

Exxon activist wins historic board seats
RIA NEWS MAY 26, 2021
Exxon activist wins historic board seats

Engine No. 1 seeks diversification in oil giant's business and a better plan to fight climate change.