FA News

Hedge Fund Warns Of ‘Distressed Cycle’ As Trade War Deepens

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Analysts are warning of the dangers of "soured" distressed debt as global trade wars worsen.

Investor Behind Illinois Lawsuit Made Short Bet, Funds Claim

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Warlander Asset Management purchased credit-default swaps that will pay off if its lawsuit causes a default.

Israeli Firm Stole Millions Using Bogus Options, CFTC Says

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The CFTC has filed a complaint against Israeli citizens and companies in an alleged binary options fraud scheme.

Ladenburg Innovation Lab Acquires Equity Stake In Newday Fintech

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For as little as $5, users can invest in any of the seven funds available on the Newday platform.

Bitcoin ETF Decision Delayed By SEC Again

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Decisions on the Bitwise Bitcoin ETF Trust and the VanEck SolidX Bitcoin Trust have been repeatedly pushed back.

Vanguard Put Gun Stocks In A Gun-Free Fund After Index Error

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The FTSE Russell index tracked by Vanguard's US ESG Stock ETF inadvertently included gun maker Sturm Ruger.

Legacy Planning Goes Beyond Money, Strategist Says

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Advisors can help clients assure their passions and goals are transferred, a Hartford Funds executive said.

U.S. Long-Bond Yield Nears All-Time Low As Global Alarm Grows

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The rush-for-cover came as global trade concerns rumbled on and as protests in Hong Kong intensified.

SEC: Mass. Advisor Duped Elderly Victims With Tale Of Turkish Inheritance

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Richard Duncan falsely told clients he was close to advising a Turkish woman's $6 million inheritance, the SEC charged.

IRS: Advisory Fees Can Come From Non-Qualified Annuities Tax Free

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Insurers received an IRS ruling permitting tax-free payment of advisory fees from non-qualified annuities.

Vegan ETF To Launch In September

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The product is billed as the world’s first vegan-friendly and climate-conscious ETF.

U.S. Budget Deficit Already Exceeds Last Year's Total Figure

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So far in the fiscal year, a revenue increase of 3% hasn’t kept pace with a 8% rise in spending.

Broker Fined $20K For Calling 'Do-Not-Call' Prospects

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Brokers at Dawson James bypassed the firm's do-not-call safeguards when calling prospects, Finra said.

When Trump Tweets, The Markets Listen

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“China,” “trade” and “tariffs” are case-study words on how the markets react to the president’s Twitter comments.

Finra To Review Rules Protecting Senior Citizens From Financial Abuse

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The review could lead to rule further rule modifications, Finra said.

Trump Rule Would Block Immigrants Who Use Government Aid

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The 837-page regulation likely will fall hardest on low-income legal immigrants.

Hedge Funds Go All In On Gold As 'Currency Wars' Lift Haven Buys

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Prices are already at the highest in more than six years.

Economy At Riskiest Point In A Decade, Lawrence Summers Says

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He called Trump's trade war a “sadomasochistic and foolish trade conflict.”

Tax Reform Puts Constraints On Business Loss Write-Offs

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How the new IRS rule will impact wealthy business clients is still not entirely clear.

Beware Crypto Coin Fraud, Regulators Say

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Regulators said they have opened 130 new cryptocurrency-related investigations.