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Taxing unrealized capital gains? The mind boggles
OPINION SEP 10, 2024
Taxing unrealized capital gains? The mind boggles

Editorial: Democratic Party's proposal represents a fundamental shift in how people are taxed.

By Editorial
Student debt defaults set for a comeback
INDUSTRY NEWS SEP 09, 2024
Student debt defaults set for a comeback

Legal challenges to student loan forgiveness programs and data on consumer debt point to a profound reckoning for borrowers.

By Leo Almazora
Gensler warns advisors and BDs about AI washing ... again
REGULATION AND LEGISLATION SEP 09, 2024
Gensler warns advisors and BDs about AI washing ... again

The SEC chair tells the financial services industry to be careful about describing artificial intelligence to clients and investors.

By Emile Hallez
Tell the next generation: Capitalism is better
OPINION SEP 09, 2024
Tell the next generation: Capitalism is better

The perception of capitalism in universities and on social media as a bygone era ignores a fundamental truth: capitalism is not just about economics—it’s about freedom.

By Mark Goldberg
SEC hammers nine firms with $1.24m in penalties
PRACTICE MANAGEMENT SEP 09, 2024
SEC hammers nine firms with $1.24m in penalties

The regulator's marketing rule sweep found a raft of violations in the investment advisors' advertisements.

By Leo Almazora
Cerity Partners taps Todd Cassler as first-ever growth chief
RIAS SEP 09, 2024
Cerity Partners taps Todd Cassler as first-ever growth chief

The RIA is harnessing the veteran's 20-plus years of experience, most recently at Mariner Wealth Advisors, to accelerate its strategic growth.

By Leo Almazora
Would a sovereign wealth fund work in the US?
ALTERNATIVES SEP 09, 2024
Would a sovereign wealth fund work in the US?

Trump briefly floated the idea this week, and he's far from the first to do so, but does the US really need a national fund?

By Emile Hallez
Woo-hoo! Football is back! Wealth managers offer their NFL picks
INDUSTRY NEWS SEP 09, 2024
Woo-hoo! Football is back! Wealth managers offer their NFL picks

Wealth managers rejoice. Stocks may be sliding, but the NFL season is starting.

By Gregg Greenberg
South Fla. B-D drops the ball on vetting clients from China: Finra
REGULATION AND LEGISLATION SEP 09, 2024
South Fla. B-D drops the ball on vetting clients from China: Finra

Firm agrees to pay six-figure penalty for its lack of compliance with anti-money laundering programs.

By Bruce Kelly
To scale, advisors should be willing to "break things on purpose"
RIAS SEP 09, 2024
To scale, advisors should be willing to "break things on purpose"

Advisor coach Stephanie Bogan highlights four “growth inhibitors” to overcome.

By Josh Welsh
B. Riley mulls asset sale to address $2B debt load
INDUSTRY NEWS SEP 09, 2024
B. Riley mulls asset sale to address $2B debt load

The embattled broker-dealer is planning to monetize assets and obtain financing as fallout from SEC probe into Kahn partnership continues.

By Bloomberg
LPL expands in North Dakota with Cetera advisor duo
BROKER DEALERS SEP 09, 2024
LPL expands in North Dakota with Cetera advisor duo

The broker-dealer's latest addition, an outdoors-focused planning practice, previously managed $225M in advisory, brokerage, and retirement plan assets.

By Leo Almazora
Massachusetts investment advisor fined over undisclosed WeChat communications
REGULATION AND LEGISLATION SEP 09, 2024
Massachusetts investment advisor fined over undisclosed WeChat communications

The general securities representative formerly with LPL had broken with firm policy by engaging with customers via the unapproved Chinese messaging platform.

By Leo Almazora
Cresset hires First Republic alum Amy Hong for compliance chief role
RIAS SEP 09, 2024
Cresset hires First Republic alum Amy Hong for compliance chief role

Hong comes to the multi-family office and private investment firm with 25 years of experience, most recently at JPMorgan.

By Leo Almazora
Elon Musk on target to become world's first trillionaire
INDUSTRY NEWS SEP 09, 2024
Elon Musk on target to become world's first trillionaire

New report also puts Tesla on course to be a trillion dollar company.

By Steve Randall
CAIS focuses on simplified advisor experience with new tech hire
INDUSTRY NEWS SEP 09, 2024
CAIS focuses on simplified advisor experience with new tech hire

Former Morgan Stanley, Google exec becomes firm's chief technology officer.

By Steve Randall
Equity rally wobbles as risk-on sentiment eases
INDUSTRY NEWS SEP 09, 2024
Equity rally wobbles as risk-on sentiment eases

Are there too many headwinds to keep investors in the game?

Treasuries dip following jobs data, rate cut uncertainty
INDUSTRY NEWS SEP 09, 2024
Treasuries dip following jobs data, rate cut uncertainty

Tuesday's presidential debate is in focus for traders.

US bitcoin ETFs suffer $1.2B net outflows in eight days
INDUSTRY NEWS SEP 09, 2024
US bitcoin ETFs suffer $1.2B net outflows in eight days

Funds saw a strong pullback amid uncertainty, mixed data.

Oil rebounds but the outlook remains subdued for crude
INDUSTRY NEWS SEP 09, 2024
Oil rebounds but the outlook remains subdued for crude

Analysts are expecting softer prices in the months ahead.