Industry News

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Former star LPL broker who was fired seeking $30M in arbitration claim
NEWS INDUSTRY NEWS JUN 17, 2016
Former star LPL broker who was fired seeking $30M in arbitration claim

James 'Jeb' Bashaw charges broker-dealer trumped up charges to steal his lucrative practice in Houston.

By Bruce Kelly
NEWS EQUITIES JUN 16, 2016
Pimco issues urgent warning about state of commercial real estate market

Plus: Why Wall Street is avoiding pot investments, where to invest $10k today, and become financially better off by not doing this

By Jeff Benjamin
Betterment, Wealthfront among fintech leaders at White House tech summit
NEWS FINTECH JUN 16, 2016
Betterment, Wealthfront among fintech leaders at White House tech summit

Policymakers and regulators eye financial technology and how it is expanding accessibility to more consumers.

By Alessandra Malito
NEWS RETIREMENT PLANNING JUN 16, 2016
Want to work past retirement age? You're not alone

Senior citizens are already working more now than they did in the 1980s and 1990s. But can we raise the retirement age for good?

By Bloomberg
Investors, especially millennials, have unrealistic expectations about annual returns: study
NEWS INDUSTRY NEWS JUN 16, 2016
Investors, especially millennials, have unrealistic expectations about annual returns: study

The average stock market yield globally is only 3.8%, but Americans expect 11% annually.

By Bloomberg
NEWS EQUITIES JUN 16, 2016
Wall Street figuring out how to hedge against a Donald Trump presidency

<i>Breakfast with Benjamin</i> Wall Street investors are working on how to position their portfolios for a potential Donald Trump presidency.

By Jeff Benjamin
Pimco plans to cut workforce after drop in assets since Bill Gross' abrupt exit
NEWS INDUSTRY NEWS JUN 16, 2016
Pimco plans to cut workforce after drop in assets since Bill Gross' abrupt exit

Firm cutting 68 people as it closes dividend-income funds.

By Bloomberg
DOL must keep dialogue open on fiduciary rule
NEWS LIFE INSURANCE AND ANNUITIES JUN 16, 2016
DOL must keep dialogue open on fiduciary rule

Sudden withdrawal of DOL's Timothy Hauser from a panel at the Insured Retirement Institute conference was a blunder.

By Andrew Leigh
Two more industry groups file lawsuits against the DOL fiduciary rule
NEWS LIFE INSURANCE AND ANNUITIES JUN 16, 2016
Two more industry groups file lawsuits against the DOL fiduciary rule

Today's complaints against the Labor Department regulation raising retirement advice standards, bringing the total to five, say it will make it harder for Americans to purchase fixed annuities.

By Tanvi Acharya
NEWS INDUSTRY NEWS JUN 16, 2016
Are the stock indexes signaling who will win the White House?

<i>Breakfast with Benjamin</i> One analyst says presidential polls and U.S. indexes move in lockstep, citing Clinton's rising fortunes and a rising stock market as an example.

By Jeff Benjamin
A widow's Social Security dilemma
NEWS RETIREMENT PLANNING JUN 16, 2016
A widow's Social Security dilemma

Earnings test complicates choice between retirement and survivor benefits.

By Mary Beth Franklin
Social Security cost-of-living adjustment unlikely for 2017
NEWS RETIREMENT PLANNING JUN 16, 2016
Social Security cost-of-living adjustment unlikely for 2017

High-income retirees could see net benefits decline next year if Medicare premiums rise.

By Mary Beth Franklin
NEWS EQUITIES JUN 16, 2016
How a Brexit will hit U.S. stocks

Plus: The Fed moves bonds, the downside of diversification, and don't rule out a staycation this summer

By Jeff Benjamin
NEWS RETIREMENT PLANNING JUN 16, 2016
Choosing default investment alternatives for 401(k)s requires close due diligence

Maximizing the potential for positive participant outcomes, and minimizing regulatory and litigation risks, requires close analysis of QDIAs.

By Blaine F. Aikin
Madoff sons' fight over cash continues after their deaths
NEWS RETIREMENT PLANNING JUN 16, 2016
Madoff sons' fight over cash continues after their deaths

Mark and Andrew Madoff died without resolving a 2009 lawsuit accusing them of squandering $150 million of investors' money.

By Bloomberg
Elm Tree Investment Advisors executives charged in $17 million fraud
NEWS INDUSTRY NEWS JUN 16, 2016
Elm Tree Investment Advisors executives charged in $17 million fraud

Firm's founder and COO accused of running Ponzi scheme using supposed investments

By Bloomberg
Financial advisers weigh in on the best money advice they received from their dads
NEWS RETIREMENT PLANNING JUN 15, 2016
Financial advisers weigh in on the best money advice they received from their dads

Experts share what they learned from their fathers &amp;mdash; and what they are eager to impress upon their kids.

By Skip Schweiss
NEWS FIXED INCOME JUN 15, 2016
Allianz's El-Erian says the Fed is putting the U.S. economy at risk

<i>Breakfast with Benjamin</i> The critics of the Fed's monetary policy are getting louder. Meanwhile, the Fed continues to march to the beat of its own drummer.

By Jeff Benjamin
Leuthold Group: Long-term stock indicator wildly bullish
NEWS EQUITIES JUN 15, 2016
Leuthold Group: Long-term stock indicator wildly bullish

Indicator last flashed a buy signal in May 2009.

By John Waggoner
Tensions between Sen. Warren and SEC's White boil over at hearing
NEWS REGULATION AND LEGISLATION JUN 15, 2016
Tensions between Sen. Warren and SEC's White boil over at hearing

Lawmakers express frustration with Chairwoman Mary Jo White's leadership as they grill her on corporate disclosures and a universal fiduciary rule at Senate hearing.

By Mark Schoeff Jr.