FA News

Wall Street Left Reeling As 2018 Upends Almost Every Bet

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Investors expected steadily rising asset prices in 2018. Instead, they’re nursing losses.

Advisor Used Client Assets To Rent An L.A. Mansion, Prosecutors Say

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Darayl Davis of Maryland was indicted for allegedly defrauding clients out of $4.7 million.

J.D. Power Ranking Says Female Advisors Most Loyal To Firms

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The 2018 satisfaction study recognized the firms where advisors are happiest.

Raymond James Names Curtis Head Of All Private Client Units

by FA Staff

Scott Curtis was previously president of Raymond James Financial Services.

Blockchain Technology Meets The Private Equity Industry

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Northern Trust has been testing blockchain in private equity fund administration since February 2017.

AI Will Thrash The Economy Like A 'Tsunami,' Allstate CEO Says

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Artificial intelligence could take jobs away from 400 million people worldwide by 2030, one study says.

In Flip-Flop, Money Managers Now Say S&P 500 Has Seen 2018 Lows

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Money managers in the latest Strategas survey predicted the index would end the year at 2,842.

Bank Of America Strategist Says He's Never Been This Bullish On The U.S. Economy

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Should trade tensions intensify, European and emerging market economies will bear the brunt of the damage, he said.

It Took A Few Days For Active Funds To Give Up Half Their Alpha

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Equity market gyrations sent heavily owned industries to the bottom of the leader board.

SEC Will Make RIAs, Brokers Look Like 'Identical Twins,' Groups Say

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Six investment advisor groups launched a campaign to protest SEC proposals.

Debt-Collection Dispute Gets U.S. Supreme Court Review

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The issue is whether federal law protects borrowers in foreclosure proceedings outside the court system.

Crypto Coin Graveyard Fills Up Fast As ICOs Meet Their Demise

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Many crypto coins are biting the dust as the digital money frenzy cools and regulations tighten.

One Of The World's Hottest Short Sellers Is Changing Tactics

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He’s turning his gaze to Australia, Canada and the U.S., and considering investments in the U.K. for the first time.

America's Fastest-Growing Credit Card Is Also Its Least Favorite

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Credit One sometimes charges an annual upfront fee of $75, even on accounts with credit limits as low as $300.

Fed Hits Inflation Goal Only To Find Expectations Spoiling Party

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Inflation expectations are low, meaning the Fed may be cautious about raising rates.

SEC Poised To Advance ETF Approval Rule Long Sought By Industry

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The change is designed to streamline the approval process for "vanilla" ETFs.

A New York Broker Dealer Is Getting Bought By A Crypto Exchange

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Uphold sees the acquisition of JNK Securities as a first step to launching an alternative trading system.

iShares Debuts Robotics and AI ETF

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The fund joins a crowded field focused on these two 21-century trends.

Investors Are Doing A Deep Dive Into The Riskiest Subprime Debt

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The riskiest CLO notes are now a larger percentage of the market than they’ve been in two years.

Advisors Say ESG Compliance Is Hard To Verify

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Lack of transparency is limiting the ability of advisors and asset managers to offer ESG investments, a survey says.