FA News

SEC Bars Advisor Who Allegedly Bilked NFL Stars

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An advisor to some of the NFL’s biggest stars allegedly used funds he was supposed to invest in a real estate and casino project to pay for a Lamborghini and a $2.8 million luxury home.

Munnell: Small Fed Rate Increases Will Disappoint Retiree Savers

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The Fed may soon start raising interest rates, but savers won't see much benefit any time soon, experts say.

Obama Targets Money-Manager Tax Break In Budget Fight

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President Obama is using the backdrop of an impending government shutdown to pressure Congress to end a tax break exploited by private-equity managers, venture capitalists and some hedge fund...

How To Evaluate The Costs Of Studying Abroad

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Studying abroad may be an alluring idea in college. But the cost makes it a reality for only about 300,000, or 1 percent.

Bitcoin ETF Arrives . . . Sort Of

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A fund from ARK Investment Management is the first ETF to invest in bitcoin, the company says.

SEC Issues Cybersecurity Regulations For Advisors, B-Ds

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A top priority for examiners will be to ensure companies have policies to prevent theft of customer information, the SEC said.

Bill Cosby Seeks To Dismiss AIG Insurance Lawsuit

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The comedian asked a federal judge to dismiss or put on hold a lawsuit in which AIG seeks to avoid paying for his defense against sexual abuse claims.

Facebook Testing Alternative To 'Like' Button

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Facebook Inc. is working on options besides the "like" button for users to weigh in on their friends’ postings, Chief Executive Officer Mark Zuckerberg said in a public Q&A.

Women Lag Behind Men In Retirement Savings, Study Says

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Women need to make up more ground in retirement savings than men, a new study says.

Here's How Wide The Retirement Gap Is Between Men And Women

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Men are short of a standard goal by $270,000. Women? Half a million dollars, according to a new report.

Pimco's Ivascyn Says Below 50% Chance Fed Hikes Rates This Week

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Pimco puts a "below 50 percent chance" the Fed will raise short-term interest rates this week, Pimco Group Chief Investment Officer Dan Ivascyn told Reuters on Monday.

Get Used to Volatility, Says Hedge Fund That Called August Rout

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Anthony Limbrick, whose hedge fund profited on bearish wagers during the August rout, says the recent turbulence in markets heralds a new era in increased volatility.

Fed Increase For Wimps: Economists Propose 1/8 Point Rate Rise

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There’s a more palatable option for those investors too wimpy to stomach the quarter point increase in interest rates from the Federal Reserve that may come this week: a 12.5 basis point shift.

States Where Students Are Burdened With The Most Debt

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Whether you can pay back your student loans depends on a number of factors, according to WalletHub.

Worker Financial Confidence Surged Before Market Downturn, Survey Says

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Workers’ confidence in their written retirement plans surged before the depths of the recent market turn down, according to a new survey.

Two Defendants Pay $30 Million For Stealing Press Information

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Charges are still pending against 32 others who used the unreleased information to make millions, the SEC says.

Some Students Are Spared The Worst Of Student Debt

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Repaying student loans is increasingly a problem, but students in some states fare a little better than others, WalletHub says.

Fidelity's Danoff Is Face Of ‘Key Man’ Risk As He Hits 25-Year Mark

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Some investors worry what will happen to the Contrafund when its long-time manager, Will Danoff, is no longer at the helm.

Houston To Overtake Chicago As Country’s “Third City”

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Houston has grown so large that it is poised to pass Chicago as the third biggest in the U.S. in the next decade.