CFP Board, the Financial Planning Association, and the National Association of Personal Financial Advisors reiterate the need for a harmonized federal and state-level approach.
"Despite the weak headline ... Equities are reacting positively, and bonds yields down as this softer print cements a Fed rate cut in September, with the door open for more easing through year-end," said Lara Castleton of Janus Henderson Investors.
"The settlement proceeds are being used to reimburse outstanding legal and other third-party expenses in accordance with the funds’ governing investment documents, not as corporate profit," a company spokesperson told InvestmentNews.
The presiding judge stressed his "gravely serious" acts contributing to the far-reaching fraud at the family office but credited him for cooperating with US authorities.
Atlanta Fed President Raphael Bostic published an essay on inflation risk and said that evidence of a weaker labor market warrants a single quarter-point rate cut this year.
Osaic has now paid $17.2 million to settle claims involving former clients of Jim Walesa.
The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.
A federal appeals court has revived key fraud claims against Peloton, with institutional investors alleging the company misled the market on demand and inventory.
Analysis highlights swelling out-of-pocket costs and wasted time on paperwork, with an outsized toll on businesses and around crypto transactions.
A new analysis shows the number of actions plummeting over a six-month period, potentially due to changing priorities and staffing reductions at the agency.
Mounting regulatory pressures and proposed taxes are putting a strain on higher education institutions, forcing renewed focus on liquidity management and the secondary market for private equity.
A federal appeals court has breathed new life into a securities fraud case against Maiden Holdings, raising the stakes for institutional investors and compliance teams.
The agent, Todd Bernstein, 67, has been charged with four counts of insurance fraud linked to allegedly switching clients from one set of annuities to another.
“While harm certainly occurred, it was not the cataclysmic harm that can justify a nearly half billion-dollar award to the State,” Justice Peter Moulton wrote, while Trump will face limits in his ability to do business in New York.
SEC alleges Stock Purse Trading and Carole Liston violated federal securities laws by promising high returns and misusing $5.7 million from investors.
The policy research institution calculates thousands in tax cuts for Washington, Wyoming, and Massachusetts residents on average, with milder reductions for those dwelling in wealth hotspots.
Yieldstreet real estate funds turned out to be far riskier than some clients believed them to be, according to CNBC.
Linqto Inc. was one of the first tech platforms to promise access to small investors into the high-risk, high-reward world of private investments.
"The greed and deception of this Ponzi scheme has resulted in the same way they have throughout history," said Daniel Brubaker, U.S. Postal Inspection Service inspector in charge.
Friends and family members are "the easiest type of victim to profile and steal from," said one attorney.
