The finance professor and quant investing veteran believes with the right guardrails, artificial intelligence could be trusted to meet the high bar of fiduciary advice.
The sought-after amendment to a 2001 FINRA rule would bring the industry in line with the realities of today's retail investors, broker-dealer advocates say.
Continued bullish momentum in the equity markets could quickly turn bearish on disappointment in earnings or less-than-sunny economic data.
The Baltimore-based asset manager is cutting numerous positions across departments as it maps out how to return to organic growth.
Stronger-than-expected economic support from consumers reinforces the case for the Federal Reserve to stay in its holding pattern on rates.
The market reaction was muted following earlier reports of the president taking steps against the Fed chair soon in a closed-door meeting with Republicans.
Despite a positive US market outlook, analysts at the alternative giant counselled increased international exposure as bigger deficits and geopolitical uncertainty take hold.
In an ironic twist, an analysis of regulatory filings suggests the Jack Bogle-founded firm is supporting the very "immature asset class" it's questioned in the past.
The proposed $120 million settlement would close the book on a legal challenge alleging the Wall Street banks failed to disclose crucial conflicts of interest to investors.
Investors have been piling money into crypto ETFs.
