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SEC affirms its authority over proxy advisory firms that CEOs hate
INVESTING EQUITIES AUG 21, 2019
SEC affirms its authority over proxy advisory firms that CEOs hate

Commissioners vote 3-2 to issue guidelines on fund managers' responsibilities in dealing with proxy advisers

As Wells Fargo seeks CEO, toll on stock hits $24 billion
RIAS PRACTICE MANAGEMENT AUG 20, 2019
As Wells Fargo seeks CEO, toll on stock hits $24 billion

Since the bank began its hunt for a leader to replace Tim Sloan, the stock has slipped into the red for the year

Jeffrey Epstein transferred $578 million to trust days before suicide
RIAS RIA NEWS AUG 20, 2019
Jeffrey Epstein transferred $578 million to trust days before suicide

Bewildered 11th-hour executor says he has 'no intent' to serve for the Estate

Finra fines former Morgan Stanley rep for impersonating a client
INVESTING MUTUAL FUNDS AUG 20, 2019
Finra fines former Morgan Stanley rep for impersonating a client

To transfer retirement funds, John Tillotson faked identity in call to mutual fund company.

Stock volatility spurs worst run of ETF withdrawals in six months
INVESTING EQUITIES AUG 19, 2019
Stock volatility spurs worst run of ETF withdrawals in six months

Almost $18 billion exited U.S.-listed equity ETFs over the past three weeks.

Why Pimco fixed-income fund fell as long bonds rallied
INVESTING MUTUAL FUNDS AUG 19, 2019
Why Pimco fixed-income fund fell as long bonds rallied

Fund's performance reflects its duration and its holdings of mortgage-backed securities.

IRS sends second round of warnings to crypto investors
INVESTING ALTERNATIVES AUG 16, 2019
IRS sends second round of warnings to crypto investors

Latest batch of letters signal that the agency is increasing its focus on cryptocurrency tax compliance.

Investing tips from the wealthiest family on earth
ADVISOR NEWS RETIREMENT PLANNING AUG 16, 2019
Investing tips from the wealthiest family on earth

Internal Revenue Service filings detail the investments of 21 trusts set up by the estates of Sam Walton, his widow Helen and son John.

Warning about insurance reserves at GE is relevant to all U.S. life insurers
ADVISOR NEWS RETIREMENT PLANNING AUG 16, 2019
Warning about insurance reserves at GE is relevant to all U.S. life insurers

Markopolos cited the effect of new standards for how companies account for long-term care policies.

Bitcoin clobbered in market sell-off
INVESTING ALTERNATIVES AUG 15, 2019
Bitcoin clobbered in market sell-off

Its recent performance debunks the talk of cryptocurrencies serving as a safe haven.