San Diego adviser allegedly steered winning trades to favored clients and lied about how money was spent.
Find out which asset fared the poorest this year, plus other must-reads from wealth manager and CNBC commentator Josh Brown
The best hedge fund managers tend to find profits in short-term, contrarian bets.
BlackRock Inc. President Robert Kapito said investors are still largely in cash five years after the financial crisis.
Wall Street's biggest firms are predicting intensifying bond losses in emerging markets, where borrowing costs have already soared to the highest in more than four years versus U.S. corporate debt, as the Federal Reserve considers curtailing record stimulus.
After the Federal Reserve's economic stimulus helped gold jump 70%, the commodity dropped below $1,200 an ounce to a five-month low after the Fed said it would trim its monthly bond purchasing.
Companies usually keep a low profile when the Securities and Exchange Commission investigates them. Robert DePalo decided to sue.
Treasuries snapped the biggest advance in a month before the Federal Reserve announces a decision today on whether it will slow asset purchases from $85 billion a month.
There's a 40% to 60% chance that the Federal Reserve will announce a reduction in its asset purchase program tomorrow, according to Mohamed El-Erian, chief executive officer of Pacific Investment Management Co.
Investors should buy assets such as real estate and infrastructure funds as U.S. stocks have hit record levels.
