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.
TD Bank to offer robo-adviser
The bank is strengthening its investment advice offerings by adding both a robo-adviser and a hybrid adviser.
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.
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.
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.
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.
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.
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.
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.
Merrill Lynch adviser managing $150 million opts for LPL
Peter Shunyia, in Troy, Michigan, has affiliated through a super office of supervisory jurisdiction.
