FA News

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Broker Sues Vantage Capital Alleging Discrimination Over Cancer

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She alleges the firm coerced her into quitting her job after her illness.

NYC Advisor Gets More Than Six Years For $6M Ponzi Scheme

by FA Staff

Some of Surage Perera's victims lost their life savings or had to delay their retirements, prosecutors said.

Former NFL Star Romanowski Declares Bankruptcy Ahead Of Tax Dodge Hearing

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The government is accusing the former Super Bowl linebacker of failing to pay more than $15 million in taxes.

Bill Gross Says Total Return Strategy He Pioneered Is 'Dead'

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The billionaire investor known as the "bond king" said that yields nowadays don't allow much room for price appreciation.

J.P. Morgan's Kelly Says Economy Far From Miserable, Sees Rate Cut This Year

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Strategist David Kelly noted that the so-called "misery index" is at one of its lowest points in 60 years.

Jerome Powell Offered Markets A Reprieve. It Vanished In A Blink

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Investors are now unsure if rates will be cut at all this year.

U.S. Labor Costs Rise By Most In A Year As Productivity Cools

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Productivity rose at a 0.3% annualized rate after a 3.5% gain in the prior period.

Bitcoin Slump Triggers Warning Of 'Trouble Ahead' For Global Markets

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Some see the cryptocurrency's slide as a sign that investors are growing averse to risk.

Bitcoin ETFs Flash Sign Of Stress As Discounts Reach Records

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Amid a token slump, some of the largest bitcoin ETFs saw big discounts to asset value.

Baird, CAIS Expand Partnership To Offer Alternatives Access

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The expanded platform gives advisors more access to alt investments off the platform.

The New Fiduciary Rule Offers Carve-Outs For Sales, But Be On Guard

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Such activities need to be specific and scripted to avoid violations, an industry attorney warned.

BIP Wealth Acquires $300M Money Advisor Group

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The Money Advisor Group raises BIP's assets to $3.3 billion and expands its Georgia footprint.

MassMutual, Advisor Wage Court Battle Over Finra's Arbitration Jurisdiction

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A federal court is being asked to decide who should arbitrate the company's non-compete complaint against the former rep.

LPL Adds Ex-Cambridge Duo With $200M In Assets

by FA Staff

Timothy Heisterkamp and Max Neese operate Journey Financial in Jefferson, Iowa.

Only 26% Of Americans Have Created An Estate Plan, Survey Finds

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Wealthier people, especially males and those with an advisor, are the likeliest to have a plan.

Ex-Advisor Indicted On Multimillion-Dollar Fraud Scheme

by FA Staff

Craig Allen of Atlanta used his hedge fund to scam investors of more than $7 million, prosecutors said.

Sanctuary Wealth Acquires Tru Independence, Creates $42B RIA Aggregator

by FA News

The transaction was negotiated over the last several months.

JPMorgan's Global Head Of ETF Solutions Bryon Lake Exiting Firm

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Lake has led the asset manager's ETF effort globally.

RBC Capital Fined More Than $700K For Finra Violations

by FA Staff

The firm must pay fines and restitution for violations on trade confirmations and customer credit.

Actively Managed Funds Hemorrhage Client Cash In ESG Upheaval

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Passive ESG funds have proven to be more appealing to investors, according to Morningstar.

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