FA News

Schwab Sees 20% Increase In RIA Registrations

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The number of brokers becoming independent RIAs has surged over the last year, says Schwab.

Beware If It Looks Like The SS Office Is Calling, The FTC Warns

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Scammers are calling consumers posing as the Social Security Administration to try get sensitive information, the Federal Trade Commission warned.

Broker's Fraud Costs Investors $4.2 Million, Finra Says

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Fraudulent private offerings caused the broker's mostly Venezuelan clients to lose all their investments, Finra said.

Gundlach Is Unimpressed By Treasury Rally Given Stock `Carnage'

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Gundlach also said that the Fed is unlikely to raise interest rates in 2019 and 2020.

Calamos Wealth Management Expands New York Office

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Calamos Wealth Management has added two new advisors to the company’s New York Office.

Scaramucci Pitches `Swank' Hotel For Tax Cut Aimed At Poor Areas

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Anthony Scaramucci is pitching a REIT that will build in newly created tax-advantaged opportunity zones.

Maxine Waters Nominated To Chair House Financial Services Committee

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The California Democrat has advocated for stricter financial regulation and stronger consumer safeguards.

All The Trump Quotes On Powell As Attacks On Fed Intensify

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As interest rates and volatility increase, the president has amplified his criticism of the Fed.

Private Equity Seen As Top Investment For Endowments In 2019

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Endowments and foundations still target private equity investments as markets are expected to be flat.

Banks Suffering Isn't Over Yet, Wall Street Says With Downgrades

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Banks are expected to struggle with low loan growth moving forward.

Apollo To Ares Seek Washington Help To Propel Risky Credit Boom

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Private equity firms are seeking legislative permission to ramp up risk.

Goldman Says Commodities Won't Repeat 2015 Crash As China Slows

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Despite a slowing economy, China is unlikely to cause a commodities rout, according to Goldman Sachs.

Underlying U.S. Inflation Picks Up To Keep Fed Hike On Track

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Rising costs in healthcare, housing and used cars place upward pressure on inflation.

18-Year-Long Ponzi Scheme Costs Elderly Victims $9 Million

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A Long Island, N.Y.,broker pleaded guilty to bilking victims of their retirement money.

Tariffs, Schmariffs . . . Global X Launches Suite Of China ETFs

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Five funds focus on specific sectors; the other is a large-cap product.

Real Work In Advisor Mergers Begins After The Closing, HighTower CEO Says

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When an advisor firm trades hands or merges, the focus should be on the years after the deal is done, he said.

Morgan Stanley Calls Out Investor Bias Against Women, Minorities

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Investors are biased against businesses run by women and minorities, a survey by the firm concluded.

Minorities Suffer Most From Wealth Inequality, Study Finds

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Americans are disproportionately impacted by financial inequality, according to a Prudential survey.

401(k) Plan Participants Contributing At Record Levels, Survey Says

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Plan participants now save an average of over 12 percent of their income in 401(k)s, the survey found.

Broker Charged Greek Vacation To PWC Expense Account, Finra Says

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Thomas Cooper was barred from the securities industry after padding expense accounts for over a a year, Finra said.