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Bitcoin is being left behind as correlation with shares widens
INDUSTRY NEWS NOV 15, 2023
Bitcoin is being left behind as correlation with shares widens

Cryptocurrency selloff is at odds with gains for equities.

By Bloomberg
SEC increases enforcement actions, imposes second-highest amount of penalties
REGULATION AND LEGISLATION NOV 14, 2023
SEC increases enforcement actions, imposes second-highest amount of penalties

'Last fiscal year’s results demonstrate yet again the Division’s effectiveness,’ says SEC Chair Gary Gensler.

By Mark Schoeff Jr.
GWG bond debacle reveals limits in investor protection
ALTERNATIVES NOV 14, 2023
GWG bond debacle reveals limits in investor protection

Titan Securities is already among the departed. It's not footing the bill for its own funeral.

By Bruce Kelly
Wealth management bonuses to increase, bankers hit hard
BROKER DEALERS NOV 14, 2023
Wealth management bonuses to increase, bankers hit hard

Wall Street payouts look grim for many but wealth firms should fare better, according to compensation consultants.

By Bloomberg
Fixed income favored as US institutions bet on higher rates for the next 12 months
INDUSTRY NEWS NOV 14, 2023
Fixed income favored as US institutions bet on higher rates for the next 12 months

CoreData report also highlights intolerance with underperforming active equity strategies.

By Steve Randall
Snowden Lane addition brings total recruited assets this year to $1B
RIAS NOV 14, 2023
Snowden Lane addition brings total recruited assets this year to $1B

Former Merrill Lynch advisor is the latest to switch to the hybrid RIA.

By Steve Randall
Big aggressive rate cuts coming within months, say UBS, Morgan Stanley
REGULATION AND LEGISLATION NOV 14, 2023
Big aggressive rate cuts coming within months, say UBS, Morgan Stanley

Goldman Sachs? Not so much.

By Matthew Sellers
Oil markets not as tight as we thought, says IEA
INDUSTRY NEWS NOV 14, 2023
Oil markets not as tight as we thought, says IEA

Both supply and demand will be higher than expected this quarter.

By Bloomberg
Asset managers prep for more failed trades from faster transactions
INDUSTRY NEWS NOV 14, 2023
Asset managers prep for more failed trades from faster transactions

US stocks will settle in just one day when T+1 is adopted next year.

By Bloomberg
Top VC firms pledge responsible strategy on AI startups
FINTECH NOV 14, 2023
Top VC firms pledge responsible strategy on AI startups

Coalition says it wants to ensure it funds firms with strong guardrails.

By Bloomberg
US faces worsening climate change impacts, major report warns
REGULATION AND LEGISLATION NOV 14, 2023
US faces worsening climate change impacts, major report warns

Government report says pace of change needs to accelerate to avert worst results.

By Bloomberg
Father-son duo joins LPL from Ameriprise
BROKER DEALERS NOV 13, 2023
Father-son duo joins LPL from Ameriprise

The team at Melville, New York-based Zambri Financial will move into the first Linsco office on Long Island.

By InvestmentNews
Your clients don't think Bidenomics has worked for them
REGULATION AND LEGISLATION NOV 13, 2023
Your clients don't think Bidenomics has worked for them

New poll shows concerning numbers for the president.

By Matthew Sellers
Mariner Wealth Advisors adds new growth streams with $1.8B firm acquisition
ADVISOR MOVES NOV 13, 2023
Mariner Wealth Advisors adds new growth streams with $1.8B firm acquisition

The deal will extend the firm's outsource investment management capabilities.

By Steve Randall
Is it time to invest in people's $8.5T investment in themselves?
INDUSTRY NEWS NOV 13, 2023
Is it time to invest in people's $8.5T investment in themselves?

The global wellness sector is set for exponential growth.

By Steve Randall
When will the Fed start cutting rates? Wall Street titans disagree
INDUSTRY NEWS NOV 13, 2023
When will the Fed start cutting rates? Wall Street titans disagree

Morgan Stanley and Goldman Sachs have different views of what's ahead.

By Bloomberg
Dudley warns US fiscal position is on an 'unsustainable trajectory'
INDUSTRY NEWS NOV 13, 2023
Dudley warns US fiscal position is on an 'unsustainable trajectory'

The former New York Fed president says the outlook isn't good.

By Bloomberg
US assets set to outperform in 2024, says Morgan Stanley
INDUSTRY NEWS NOV 13, 2023
US assets set to outperform in 2024, says Morgan Stanley

Stocks and bonds will do better than EM peers but expect a dip first.

By Bloomberg
Cyber 'catastrophe bonds' could be heading to public debt markets
INDUSTRY NEWS NOV 13, 2023
Cyber 'catastrophe bonds' could be heading to public debt markets

Investments typically associated with natural disasters are increasingly available to mitigate cyber-risk costs.

By Bloomberg
Giant bank goes old school as hack bites
FINTECH NOV 10, 2023
Giant bank goes old school as hack bites

Regulators, governments try to assess fallout as suspected Russian cyberattack creates mayhem.

By Matthew Sellers