FA News

Founder Of Pet Memorial Company Charged With Fraud By SEC

by

Investors' money was used for alimony and travel instead of selling pet memorial products, the SEC says.

Harvard Joins Funds Using ETFs As Quick Way In And Out Of Junk

by

Love exchange-traded funds or hate them, one thing is clear: The biggest investors are increasingly using them as a way to dabble in inefficient and opaque bond markets.

Fears Of Social Security's Demise Unfounded, Advisors Say

by

As Social Security celebrates its 80th anniversary, many Americans are pessimistic about the program’s future. But many financial advisors say those fears are unfounded.

New Dallas Fed Head Is Harvard Prof, Ex-Goldman Exec Kaplan

by

The Federal Reserve Bank of Dallas has named Robert Steven Kaplan, a former Goldman Sachs Group Inc. executive who left to teach at Harvard in 2006, as its new president.

Americans Looking For Retirement Plan Guidance, Survey Says

by

With the decline in pensions, most people are responsible for steering their own retirement plans, but a recent study suggests they would rather have someone else take the wheel.

10 States Where Retirees' Health Insurance Costs Are Highest

by

Costs for the basic health insurance policies desired in retirement can vary by 30 percent among states, HealthView Services says.

Citi Affiliates Pay $180M To Settle Hedge Fund Case

by

Two Citigroup affiliates will pay almost $180 million to settle charges that they misled clients into investing in two hedge funds that collapsed during the financial crisis.

Most Americans Fail In College Savings Plans 101

by

Nearly two-thirds of Americans do not know about the tax-advantaged 529 college savings plan, a new survey says.

New Guides Aimed At Elder Financial Abuse Prevention

by

The Consumer Financial Protection Bureau is launching state-specific guides for elder financial caregivers.

Four 529 College Savings Traps Advisors Should Avoid

by

Here are four traps that can keep clients from getting the most out of their accounts.

Nearly 75% Of CFAs Practice SRI, Survey Says

by

Nearly 75 percent of CFA Institute-certified portfolio managers and analysts in the U.S. and Canada practice socially responsible investing, the group reported in a survey released Monday.

College Grads Gained 97% of 'Good Jobs' Created In U.S. Recovery

by

A new report indicates that having a college degree is a key factor in successfully finding a job during the nation's sluggish economic recovery.

Finra Program Aimed At Boosting Financial Knowledge Among Military

by

Finra is offering fellowships that provide military spouses with financial training.

Borrowers Fall Further Behind On $1.3 Trillion In Student Loans

by

Borrowers are having more trouble paying their students loans, even as the job market recovers and consumers improve their mortgage payment histories.

Don't Forget To Plan For Clients' Dementia

by

An aging population brings advisors new challenges for helping clients with dementia, advisors say.

SEC Rules To Expose Highest Executive Pay Can Be Easily Gamed

by

The rule lets businesses use statistical sampling to estimate the median, rather than calculating it by tallying their entire payroll...

Observer: No Hints Of Fiduciary Rule Changes At DOL Hearing

by

DOL staffers offered no hints of coming changes in the fiduciary rule during the four-day hearing on the proposal.

Loomis Aims For Bloodless Grab At Falling Knife In Energy Bonds

by

Most junk-bond investors can’t sell their energy-related holdings fast enough. Then there’s Matt Eagan.

Edward Jones To Pay $20 Million For Overpricing New Munis

by

Edward Jones has agreed to pay more than $20 million to settle SEC charges that it overpriced new issues of municipal bonds.