The firm lost the huge arbitration decision, which was decided by a Finra panel, last year to eight investors who were sold a private equity fund by a former Oppenheimer broker, John Woods.
The artificial intelligence software, which became an internet phenomenon in recent months, generates text, images and other media in response to a short prompt.
Allocations to cash helped Schwab's robo post the second-best one-year trailing performance, according to a new report from Condor Capital.
While the legislation provides an attractive option for families who end up not needing the money in a 529 plan, it's not clear how many will be eligible to use it.
While Florida and Texas rail against sustainability, Democrats and Republicans in other states are embracing it.
The SEC and the CFTC are looking at the bank's retention of employee communications related to the use of unapproved messaging apps, it disclosed in a filing.
Laidlaw & Co., with eight branch offices and 75 registered reps, was fined $200,000, according to Finra.
The church and its investment arm, Ensign Peak Advisers, created 13 limited liability corporations to obscure the size of the church's portfolio.
According to a Bloomberg survey, most respondents are optimistic they’ll move closer to their retirement goal by ending 2023 with more in retirement savings than at the end of 2022.
If a surviving spouse is collecting their own Social Security retirement or disability benefit when their spouse dies, or is not yet collecting Social Security, they will have to apply for survivor benefits.
Two types of worrisome trends emerge in the app landscape that financial advisors must watch out for.
Perfection is impossible for a data migration of this magnitude, but Schwab’s leadership is ready to tackle any technical hiccups on the field.
Survey suggests Americans would embrace AI investing; plus news on Facet and Interactive Brokers.
The SEC has proposed using swing pricing and a hard close for share purchases to protect investors during market meltdowns. Critics warn changes could ruin mutual funds.
The SEC alleges the longtime Boston Celtic touted a crypto token without disclosing that he was paid to do so.
It's vital for advisors to develop relationships with the next generation of investors and carve out a niche for their business.
The digital record keeper is now administering ABLE programs for 20 states.
The month's highlights include Elements adding $5 million more in funding, TradingFront shutting down and Zoe Financial launching a TAMP for advisers in its lead generation network.
The robo-advisor is also reportedly closing its Philadelphia office and subleasing a floor of its New York City office.
Dynasty currently has 35 job openings, and CEO Shirl Penney said TruClarity's people, including CEO Pamela Stross, were a big part of its appeal.
