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  • News
  • October 19, 2021

CalSavers lawsuit floated to Supreme Court

The case has big implications for similar state programs that require small businesses with as few as five employees to provide retirement plans, unless they register for the state-sponsored option.

  • News
  • October 19, 2021

TD Bank to offer robo-adviser

The bank is strengthening its investment advice offerings by adding both a robo-adviser and a hybrid adviser.

  • News
  • October 19, 2021

Bitcoin futures ETF opens with gain, explosive trading volume

About 6.4 million shares of the exchange-traded fund, worth roughly $264 million, changed hands in the first 20 minutes of trading.

  • News
  • October 19, 2021

SEC GameStop report backs Gensler push to toughen rules

The report says the volatile trading in meme stocks early last year warrants a close look at factors that led brokers to restrict customer trading, as well as at gamification, short-selling and payment for order flow.

  • News
  • October 18, 2021

State-regulated advisers want a piece of testimonial marketing action

Smaller state advisers want to be able to post client endorsements and quote them in ads when bigger SEC-registered firms get the green light.

  • News
  • October 18, 2021

Middle-class Americans are asset poor: Report

The National Institute on Retirement Security found the middle class can longer afford retirement, according to a new report.

  • News
  • October 18, 2021

Fidelity, MassMutual point to student-loan perks for workers

Fidelity is increasing its limit for student loan contributions for its employees, and MassMutual is letting people apply vacation time to payments.

  • News
  • October 18, 2021

Edward Jones loses $30 million cyberbullying claim over fake sex ads

The former broker, Dalas Gundersen, sued Edward Jones in 2015, seeking damages, after three fake gay-sex ads were posted on Craigslist earlier that year listing his business phone number.

  • News
  • October 18, 2021

First US Bitcoin-linked ETF raises concerns for advisers

While the ProShares Bitcoin Strategy ETF is the first of its kind, there are a host of other versions coming soon. The futures-based strategy could make the tech stock volatility of the 1990s look tame by comparison, according to experts.

  • News
  • October 18, 2021

Merrill Lynch adviser managing $150 million opts for LPL

Peter Shunyia, in Troy, Michigan, has affiliated through a super office of supervisory jurisdiction.