FA News

SoFi Enhances Student Debt Reduction Program With 529 Plan

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The program is designed to help employer benefit programs expand to help employees save for educational expenses.

IRS Sends Second Round Tax Warnings To Cryptocurrency Investors

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Some cryptocurrency investors are receiving a new round of letters from the Internal Revenue Service.

Powell Expected To Seek Another Cut Despite Strong Spending

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Economists remain confident the Fed will cut interest rates again next month as insurance against a global slowdown.

SEC Launches Video Series To Aid Investors Hiring An Advisor

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SEC Chair Jay Clayton urges investors to ask: “How much of my money is going to fees and costs?”

Castro Proposes Inherited Wealth Tax

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Julian Castro proposed a new inherited wealth tax on heirs receiving more than $2 million in their lifetimes.

CAIS Alts Platform Adds Insurance Component

by FA Staff

The alternative investments platform has added insurance offerings from Schechter.

GE Sinks Most Since 2015 As Madoff Accuser Excoriates LTC Insurance Accounting

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Harry Markopolos, who once called out Bernie Madoff, says General Electric has masked its financial woes.

Former CFO Charged With Participating In $322M National Fraud

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Alan Heide played a "significant role" in a scheme carried out by a South Florida cash advance firm, the SEC said.

Atlanta Broker Alerts FBI Over Loss On 'Unauthorized' Trades

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Broker-dealer IFS Securities suffered substantial losses it attributed to transactions by a high-ranking employee.

Investors Pile Into Money Market And Bond Funds, Leave Active Equity In Droves

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Money-market funds had their strongest three-month stretch in at least 10 years, Morningstar said.

Majority Of Americans Want To Stop Working At Age 65

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The sentiment runs counter to the view that more retirees will need to stay in the workforce.

Traders Have Been Gripped By Once-In-A-Generation Dash To Safety

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The charge into safe havens this month has been spurred by flashing recession indicators.

SEC: California Advisor Duped Clients Out Of $3M

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The SEC said Craig Rumbaugh persuaded clients to invest with an investor who had been charged with running a Ponzi scheme.

Trump 2020 Re-Election May Be At Slowing Economy's Mercy

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The growing odds of recession before the 2020 election threaten President Trump’s hopes of a second term.

Wealth Management M&A Activity On Course For Record Year

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The value of deals in July more than doubled from a year earlier, mainly due to one monster deal, Fidelity said.

Three Ways To Profit From $16 Trillion Of Negative-Yielding Debt

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These assets are guaranteed to return less than their face value, but there are ways they can be traded for profit.

Pelosi Threatens To Block U.S.-U.K. Post-Brexit Trade Deal

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The House speaker said a trade deal would be rejected if it threatens peace in Northern Ireland.

The Last Recession Crippled U.S. States. But Bondholders Won Big

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As markets signal growing concerns about an economic slowdown, municipal securities again seem poised to benefit.

Market Volatility Is Even Clobbering Cryptocurrencies

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Some cybercurrency advocates have been pointing to Bitcoin as a haven, but recently it has fallen along with equities.

T. Boone Pickens-Affiliated ETF Switches From Oil To Clean Energy

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The fund’s original incarnation failed to attract assets; now it’s pinning its hopes on renewable energy.