BlackRock throws support behind Texas-based NYSE challenger exchange
The upstart bourse aims to lure issuers seeking relief from rising compliance costs at incumbent exchanges.
Fed’s rates stance is bad news for homeowners
Price appreciation continues to slow compared to 2023.
Younger Americans think AI will help advisors improve financial planning
But older generations are skeptical about how good technology will be.
What does billionaire investor Ray Dalio see as biggest global risks?
Bridgewater Associates founder believes risks are intensifying.
European stocks poised for surge as ECB meeting nears
Expectation is high that the regional central bank will begin cuts.
CEO of David Lerner faces Finra investigation over product sales
'For a CEO to be investigated by Finra is a pretty serious red flag, traditionally,' says one attorney.
Billion-dollar advisors break away from Merrill with RIA launch
Based in Southern California, the newly founded Alteri Wealth offers wealth and family office services to a broad swath of HNW and UHNW investors.
Morgan Stanley loses another deferred comp claim to ex-advisors
Financial advisors are using ERISA to argue they are owed deferred compensation.
RWA Wealth Partners names Michelle Knight CEO
Amid other C-suite promotions, the $15B firm’s new chief exec makes it one of the largest woman-led RIAs in the US.
Bill Hwang looks to add Morgan Stanley probe to Archegos trial defense
Lawyers for the man behind the disgraced family office want to question the SEC on block-trading leaks at the New York-based firm.
SEC wants to ensure investment advisory industry is clear about AI
Regulator to hold a virtual public meeting on the future of the industry.
Focus Financial partner firm to become part of Kovitz in $16B tie-up
The transaction is expected to complete in the third quarter of 2024.
JPMorgan vs. Morgan Stanley: Who’s right on stocks outlook?
Wall Street strategists disagree on what's ahead.
GameStop shares surge 103% as dormant Reddit user returns
A supposed $116M position in the stock triggered a frenzy.
OPEC+ extended cuts but plans to boost again in the fall
Latest extension aims to support fragile market.
Musk charged with $7.5M insider trading on Tesla stock
The CEO of the electric vehicle "breached his fiduciary duties" by trading on non-public company information, suit alleges.
SEC bars former advisor, crypto trader
'Brokerage firms must broaden their horizons about what’s under scrutiny by regulators and what isn’t,' one compliance executive says.
Association of African American Financial Advisors chairman ‘involuntarily removed’
Christian Nwasike responds to decision, saying they had 'divergent views on the future direction' of the organization.
