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JPMorgan Chase to pay $5 million in parental-leave discrimination claim
REGULATION, LEGAL & COMPLIANCE MAY 30, 2019
JPMorgan Chase to pay $5 million in parental-leave discrimination claim

Bank's policy "relies on and enforces sex-based stereotypes" according to male employee

Is Roth participation in DC plans being suppressed by record keepers?
RETIREMENT PLANNING MAY 30, 2019
Is Roth participation in DC plans being suppressed by record keepers?

For a large portion of DC plan participants, a Roth plan might be better than a traditional plan. But few participants choose the Roth option.

Wealthfront has courted controversy with risk-parity fund
FINTECH MAY 28, 2019
Wealthfront has courted controversy with risk-parity fund

Critics see a volatile product that has underperformed benchmarks and contains difficult-to-understand costs.

JPMorgan's Dimon criticizes Wells Fargo CEO transition
WIREHOUSES MAY 28, 2019
JPMorgan's Dimon criticizes Wells Fargo CEO transition

Chief executive says it was 'irresponsible' for the bank to announce Tim Sloan's departure without a succession plan in place.

Mohamed El-Erian named president of Queens' College at Cambridge University
LIFE INSURANCE AND ANNUITIES MAY 28, 2019
Mohamed El-Erian named president of Queens' College at Cambridge University

The chief economic adviser at Allianz will take up the position at Cambridge in October 2020, succeeding John Eatwell.

Legg Mason cuts 12% of staff in revamp as investor Peltz joins board
PRACTICE MANAGEMENT MAY 24, 2019
Legg Mason cuts 12% of staff in revamp as investor Peltz joins board

Most of the 120 employees being let go are in the United States.

Robinhood is set to raise at least $200 million in new funding
FINTECH MAY 24, 2019
Robinhood is set to raise at least $200 million in new funding

Valuation of the company offering free app-based trading could climb to as much as $10 billion, sources say

Attempt to ban SALT weakened by strong data
REGULATION, LEGAL & COMPLIANCE MAY 23, 2019
Attempt to ban SALT weakened by strong data

Northeastern states argue cap will cause devastation, but recent tax filings show revenue increases in New York and New Jersey.

SALT apocalypse predictions have not come true
RIA NEWS MAY 21, 2019
SALT apocalypse predictions have not come true

Migration rates in high tax states most affected by tax limits are below pre-recession levels.

How ETF investors are playing trade tensions
ETFS MAY 20, 2019
How ETF investors are playing trade tensions

They're exiting funds that focus on Chinese tech companies and shorting the S&P 500.