Alternative Investments

Displaying 1349 results

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UBS loses $371,000 claim linked to options strategy

UBS has been hit with a rash of arbitration claims over strategies investors say damaged them, and most recently it saw a wave of investor complaints over Puerto Rico bonds and bond funds.

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Why the ‘one bad broker’ rule matters

One bad broker making big bets or selling lousy or misunderstood products can damage or even ruin a firm. Are firms doing enough to keep those brokers and high-risk behaviors in check?

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Ex-GPB executive gets 9-month sentence

Former chief compliance officer Michael Cohn was also fined $50,000. A former Securities and Exchange Commission examiner, he was charged in October 2019 with obstruction of justice relating to an SEC investigation of GPB.

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Purshe Kaplan racks up $1.6 million settlement

Since 2017, the firm has been on the hook for $16 million in legal settlements and restitution to clients, with the lion's share stemming from one broker's sale of alternative investments to a Native American tribe in Michigan.

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Goldman Sachs is getting into Bitcoin — who’s next?

Goldman Sachs enters the race to offer wealth management clients access to Bitcoin following Morgan Stanley. Which wirehouse could be next?

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Goldman close to offering Bitcoin to wealth management clients

The firm plans to begin rolling out digital assets to clients in the second quarter.

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Digital currencies jump as Visa pilots crypto settlement

Traditional financial companies are beginning to embrace cryptocurrencies and blockchain projects more than a decade after the creation of Bitcoin in 2009. That comes even as some remain skeptical of mainstream adoption.

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Fidelity applies for Bitcoin ETF

The company's proposed exchange-traded fund would track the cryptocurrency using pricing from U.S.-based exchanges including Bitstamp, Coinbase and Gemini.

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Financial advisers are steering clients away from SPACs

Special purpose acquisition companies are leveraging celebrity endorsements to drive investor demand, while financial advisers struggle to protect clients from risk.

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IBD boosts reserves more than $500,000 for inverse-ETF legal costs

Calton & Associates, with 400 reps and advisers, is looking at paying restitution of close to half a million to clients who bought leveraged exchange-traded funds.

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SPACs are the investment darling of the pandemic

Special purpose acquisition companies, or SPACs, have been all the rage for the past 12 months, but will the fever outlast the pandemic?

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Booming SPAC market draws SEC scrutiny

The vehicles are touted for democratizing markets by allowing retail investors access to high-growth companies. But the SEC said they come with distinct risks.

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Advisor Group firms boost legal reserves

Royal Alliance Associates Inc., SagePoint Financial Inc., and FSC Securities Corp., increased legal reserves by as much as three times the amount of the prior year.

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It’s time to talk about Bitcoin

Advisers don’t have to join the bulls, but they better join the discussion.

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iCapital leverages KKR to lure investors into private equity

The rebranded PE fund targets the country's 13 million accredited households with an offer of access to KKR's investment expertise.

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GPB broker-dealer shuts down amid fraud charges

Ascendant Alternative Strategies changed its official status with Finra to termination requested. Founders of GPB, David Gentile and Jeff Schneider were arrested and charged with fraud last month by the FBI.

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Nick Schorsch is back — and heading up a SPAC

The former nontraded REIT czar is looking for a next act in the securities industry, and this time it's a family affair.

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$1.8 billion mutual fund halts redemptions over alleged fraud

The manager of the Infinity Q liquid alt fund was fired after being accused of fudging asset values. The fund could not value its assets for purposes of calculating its net asset value.

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Ariel Investments launches firm to build minority businesses

The private asset management firm, Ariel Alternatives, aims to build certified minority enterprises that can supply Fortune 500 companies.

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Brokers sold GPB private placements using the worst tactics in Wall Street’s playbook

Client appreciation dinners are all well and good, but private suites at Madison Square Garden are clearly beyond the pale.