FA News

Skeptical About Bitcoin? So Is Michael Lewis

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Michael Lewis told advisors at the 2017 Schwab Impact conference that he doesn't think much of the Bitcoin trend.

This Business Tax Problem Is Disrupting The GOP's Overhaul Push

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A question arises among Republicans about pass-through entities.

U.S. Towns, Cities Fear Taxpayer Revolt If Republicans Kill Deduction

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The House tax plan would curtail a federal deduction for tax payments to local governments.

Tax Overhaul Drama Moves To U.S. Senate As House Approves Its Bill

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The House of Representatives approved a broad package of tax cuts.

U.S. Junk Bond Funds Post 4th-Biggest Week Of Outflows Ever

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U.S. fund investors walloped high-yield funds with their biggest week of withdrawals since March, Lipper data shows.

DoubleLine's Gundlach Attacks Break For Hedge Funds In Tax Plan

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Jeffrey Gundlach said he's "appalled" that the GOP tax plan would preserve carried-interest tax treatment for hedge funds.

Labor Secretary Mum On Specifics Of DOL Rule Review

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Secretary Alexander Acosta said the analysis of the rule continues, but stopped short of saying what might change.

SEC Enforcement Actions Decrease 16% in 2017

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Bars and suspensions from the industry decreased as well, from 650 in 2016 to 625 in 2017.

Schwab: RIAs Maturing Into Engines Of Organic Growth

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Independent RIAs are increasingly seeing themselves more as business owners than entrepreneurs, a Schwab survey says.

Four Firms Honored By Schwab

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The 2017 Impact Awards were presented to firms that have advanced the industry.

Tilton Accused Of Withholding Funds After Portfolio Defaults

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Financier Lynn Tilton faces new claims over how she ran her distressed companies in a lawsuit by three funds.

Trump Confident House Has Votes for Tax Plan, Official Says

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President Trump will also tell House Republicans that he wants the tax bill to eventually be bipartisan.

Fed On Collision Course With Bond Markets In Curve Conundrum

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The flattening yield curve could derail the Fed's rate hike plan, Merrill Lynch says.

Legg Mason Turns To Debt ETFs With Equity Funds Still In SEC Limbo

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Legg Mason Inc. has a proactive approach to regulatory uncertainty: move onto something else.

Two U.S. Senate Republicans Critical Of Party's Tax Plan

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It could be a sign of trouble for the sweeping measure.

SIx Ways Politics Could Capsize The Bull Market

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Political turmoil may end a historic bull market, according to Greg Valliere.

CFP Board To Review, Revise Proposed Changes To Standards Of Conduct

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The CFP Board announced that it will revise its proposal to change its Standards of Conduct.

PIABA Says Finra Governors ‘Too Close’ To Member Firms

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PIABA criticized Finra for having five current public governors who have ties to securities and advisory firms.

High-Earning Retirement Savers Benefit From Late-Night Tax Proposal Changes

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But pass-throughs would have to pay ordinary income taxes on retirement plan distributions.

High 401(k) Fees May Be Shorting Clients $170,000

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People don't pay enough attention to how high 401(k) fees reduce savings, says Pew Charitable Trusts.