FA News

Obama Basks In Pope Aura, But Francis Wants Economic Justice

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Pope Francis is likely to exploit his moral authority and iconic popularity to pressure Barack Obama on U.S. global economic leadership.

Debt-Free College Grads: How Do They Do It?

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Three in 10 students are coming out of college with not a penny owed.

Bill Gross Tells Fed To `Get Off Zero Now!'

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Bill Gross said the Federal Reserve needs to raise interest rates as soon as possible, trading some near-term market losses for longer-term stability and a healthier financial system.

SSGA Study: Retirement Savers With Advisors Are More Confident

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Among thousands of retirement savers in the U.S., U.K., Ireland and Australia, those who expressed confidence about achieving their goals also noted constant contact with advisors.

State Securities Regulators: 2014 Complaints Up, Investigations Down

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State securities regulators released their 2014 scorecard Tuesday: Investor complaints were up 17 percent over 2013, investigations were down 8.5 percent.

U.S. Says 17.6M Americans Gained Health Insurance Through Law

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That number is more than 7 percent higher than prior estimates.

Robo-Advisor Upgrades Platform To Take On Target-Date Funds

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NextCapital is rolling out new features that allow its platform to replace target-date funds as the default option in 401(k) plans and offer more holistic advice to savers.

RIA Fined $75,000 After Chinese Cyber Attack

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R.T. Jones Capital Equities Management, a St. Louis-based RIA, will pay $75,000 to settle SEC charges that it failed to protect its clients from a Chinese cyber security breach.

Obamacare Sign-Ups Will Be Harder Next Year, Official Says

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Getting new people signed up for Obamacare will get harder this year as the program tries to access poorer, younger, harder-to-reach individuals, a government official said.

Report: Retail Investors Cheering Activists

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Retail investors are cheering activists, according to a little-known June poll brought to light Tuesday by Broc Romanek, author of the top followed SEC blogs in Washington.

Activist Hedge Fund Marcato Targets LPL Financial

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Activist hedge fund Marcato Capital Management says it now owns roughly 6 million shares in brokerage firm LPL Financial Holdings Inc.

Top-Ranked Financial Advisor On Social Media Finding Less Is More On Twitter

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The man named the most influential financial advisor on social media for the second year in a row says he is tweeting less and enjoying the fruits of his labor more.

SEC Tries To Lower Chances Of Harm To Open-End Fund Investors

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The SEC voted unanimously to propose measures to try to insure open-end mutual funds and ETFs are able to continuously meet redemptions without significantly lowering their NAV.

Cyber Security Investing Grows, Resilient To Market Turmoil

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Cyber security companies are raising large rounds of financing from investors, whose tremendous appetite for high-tech defenses is not expected to subside even in a market correction.

How UBS Spread The Pain Of Puerto Rico's Debt Crisis To Clients

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After UBS helped the government dig itself into a deeper hole and put island customers on the hook for the losses that followed, its Puerto Rico saga has become a cautionary tale of how risks can...

AdvisorHUB Founder Sentenced To 18 Months In Prison For Tax Evasion

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The founder of broker gossip website AdvisorHUB has been sentenced to 18 months in prison for not paying federal employment taxes for his workers at a separate business in 2009.

Goldman CEO Says He Has ‘Highly Curable’ Lymphoma

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Goldman Sachs CEO Lloyd Blankfein says he has a “highly curable” form of lymphoma and will undergo chemotherapy over the next several months.

Study: Investors Want Advisors to Steady The Ship

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Though investors prize advisors for investment management skills, they are most likely to turn to them as a calming influence, says IMCA.

Texan Pleads Guilty To Running Bitcoin Ponzi Scheme

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A Texas man accused of operating a Ponzi scheme involving bitcoins pleaded guilty on Monday in what prosecutors say was the first U.S. criminal securities fraud case related to the digital currency.

Ex-Morgan Stanley Advisor Pleads Guilty In Connection With Data Breach

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A former Morgan Stanley financial advisor who was fired in connection with a major breach of client information pleaded guilty on Monday to taking confidential client data.