FA News

Debt-Limit Looms As 'Mind-Numbing' Impasse Stokes Shutdown Risk

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The chances of a shutdown have risen from 30 percent to 60 percent since last week, one analyst said.

Zero-Fee ETFs Are Elephant In The Room At Annual Industry Summit

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Fidelity’s move to offer free mutual funds has spurred speculation about when a zero-fee ETF will start trading.

Broker Conflict Rule Proposal Assailed By Former SEC Economists

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The 11 former SEC officials called the proposal's economic analysis "weak and incomplete."

Colleges Raise $47 Billion In Ninth Straight Record Year

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Contributions surged by about two-thirds from donor-advised funds.

Krugman Sees Possible U.S. Recession With Little Fed Wiggle Room

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He said policy makers in Washington would struggle to contain large shocks.

Morgan Stanley Seeks More Takeovers After Biggest Deal Since '08

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The firm is buying a stock-plan administration company for $900 million.

Chalice Financial Network Expands Services For M&A

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The new firm has acquired Succession Link and is partnering with Oak Street Funding.

Rep Committed Suicide After Ripping Off His Aunt, Finra Arbitrators Say

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The Washington, D.C., broker that employed him was ordered to pay the aunt and another investor $2 million.

How Amazon's Booming NYC Neighborhood Got Tax Perks Meant For The Poor

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City officials aligned opportunity zones with potential sites. Amazon now says it won’t take advantage of tax breaks.

Maryland Proposes Fiduciary Standard For Brokers, Insurance Agents

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Industry groups are lining up against the legislation, saying it will create problems for multistate firms.

TD's Hockey To Advisors: We Are Not After Your Clients

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The TD Ameritrade CEO tried to appease advisors who fear their custodians are also their competitors.

Border-Security Deal In Congress May Be In Reach By Monday

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Chances of another government shutdown are “next to nil,” one congressman said.

Stock Pickers Are All Fired Up As Passive Funds Shed $16 Billion

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There’s evidence investors are migrating out of passive vehicles to wager on single equities.

Corporate Bonds On Fire As Dovish Fed Signal Soothes Investors

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Demand for U.S. corporate bonds has surged after the Fed signaled that it’s done raising interest rates for now.

Bezos Blackmail Charge Intensifies Proxy War With Trump

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The Amazon executive blames Trump's cronies for trying to extort him.

NYC Home Market To Face Glut After 2018 Sellers Found Few Takers

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Just 48 percent of the homes listed from March through May of last year had been sold as of Feb. 1.

RPG Brings $180M in AUM To SSN Platform

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The Retirement Planning Group of Saratoga Springs, N.Y., is joining the Securities Service Network platform.

Brix Wealth Management And KAP Planning Agree To Merge

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Brix Wealth Management and KAP Planning are part of the Barnum Financial Group.

Four Advisors With $393M In Combined AUA Join The IFP Platform

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Four independent advisors nationwide bring a combined total of $393 million in AUA to the IFP platform.

Call For $15 National Minimum Wage Grows Louder In Democrat-Controlled House

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Minimum-wage earners are paid 29% less than their counterparts 50 years ago. But businesses say $15 an hour would lead to reduced employment.