FA News

JP Morgan Strategist: Market Losses Not Over

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Traders probably have to get rid of another $100 billion in stocks in the next one to three weeks, he says.

Health Jobs Hit U.S. Record, Driven By Economy And Obamacare

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Health-care jobs hit a record as a percentage of total non-farm employment in the most recent U.S. payrolls report, fueled by an improving economy and President Barack Obama’s health-care overhaul.

Wall Street Jobs Jettisoned For Online, French Cooking, Music And Other Dreams

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Wall Street isn't as much fun as it used to be, while hours remain long and rigid, say some who are leaving finance jobs.

Investment Lessons From August's Market Mayhem

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September is the worst month for markets, historically, though compared to this August's turmoil an average 1.1 percent drop in the Standard & Poor's 500 Index seems tame.

U.S. Small Business Hiring Accelerates In August

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More employers reported they could not find qualified workers for open positions, indicating the labor market was tightening.

Employees Conflicted About Finances

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American workers are confident about short-term finances but are nervous about long-term planning, survey says.

eMoney CEO Resigns

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Edmond Walters, the founder and CEO of eMoney, has resigned, effective immediately.

Work-At-Home Scams: Less Obscure, More Dangerous

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With the rise of the Internet, work-at-home scams have morphed from false promises of easy money to real threats of jail time.

Foreigners Flee Japan Stocks At Fastest Pace Since At Least 2004

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Foreigners last week sold a net 1.85 trillion yen ($15.4 billion) of Japanese stocks and equity index futures, the biggest combined outflow since Mizuho began tracking the data more than a decade ago.

Insurers Can't Deny Gender Transition Therapy Under Proposal

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Transgender individuals would gain new health-care protections in rules proposed today by U.S. regulators.

Stock Volatility, ETF Rise Drive Rethink Of Post-Flash Crash U.S. Rules

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U.S. regulators and stock exchanges are re-examining rules designed to ensure orderly trading after a near-unprecedented bout of volatility last week.

Pimco Total Return Assets Drop Below $100 Billion, First Time Since '07

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The company's flagship fund dropped below $100 billion in assets for the first time in more than eight years, leaving it with about a third of the money it managed at its 2013 peak.

Convicted Ponzi Artist Repeated Crime To Pay Court Penalty, SEC Says

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After serving jail time for a Ponzi scheme, Eric J. Aronson became a self-help guru and contrived a new scam to repay the victims of his first crime, according to the SEC.

History Shows U.S. Stock Rebound Needs Months

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Investors conditioned to expect quick recoveries from equity stumbles may need patience after U.S. stocks fell into the first correction in four years.

Roy T. Diliberto Named P. Kemp Fain Jr. Award Recipient

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The FPA presents the award to financial professionals who make outstanding contributions to the profession.

Independent RIA Mergers And Acquisitions On Upswing, Schwab Says

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The independent RIA industry is showing its strength in the growing number of mergers and acquisitions so far this year, according to Schwab Advisor Services.

Gross Says Fed Move May Be ‘Too Little Too Late’ Amid Turmoil

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Bill Gross said the Fed has waited so long to raise interest rates that any move now may be labeled “too little too late.”

Cetera CEO Roth Resigns From RCS Capital Board Of Directors

by FA Staff

Larry Roth, CEO of Cetera Financial Group, has resigned from the board of directors of his firm’s parent company, RCS Capital Group.

Inspectors Looking For Conflicts In Broker Audit Reviews

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Inspectors are focused on revenue recognition and auditor independence in 2015 broker-dealer audit inspections, the Public Company Accounting Oversight Board (PCOAB) announced Tuesday.

How Donald Trump Is Winning Over Anti-Wall Street Republicans

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A whopping 65 percent of Republican front-runner Donald Trump's supporters say they're "unsatisfied" or "mad as hell" at Wall Street, according to a new poll.