FA News

SEC Awards $50M To Whistleblower

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The reward is the largest since the program was established in 2012.

Advisor's Journey From Greek Basketball To Behavioral Finance

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Thanasi Panagiotakopoulos says behavioral finance helps differentiate the practice of this ex-basketball player.

DOL Approves Private Equity In 401(k)s, But Attorney Says Beware

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The DOL said OK to private equity in retirement plans, but beware the specter of lawsuits, says one attorney.

Fidelity Magellan Echoes Glory Days By Trouncing Benchmark

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The stock-pickers are shining again at Fidelity Investments.

Vanguard's 8-Year Quest To Crack $1 Trillion Market Drags On

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Vanguard marks an ETF milestone in Europe, but the firm’s performance there leaves much to be desired.

Finra Orders Merrill Lynch To Repay Customers $7.2M

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Merrill Lynch overcharged 13,000 accounts for mutual fund transactions, Finra says.

Bond Market Flashes Stagflation Alarm After Fed's Gusher Of Cash

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The bond market is sounding the alarm about the flood of cash that policy makers have unleashed to buoy growth.

Calvert CEO Says Ending Racism Is A Responsibility Of Businesses

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John Streur said his company will press corporations to disclose information about their racial diversity.

Raymond James Adds Ex-Merrill Lynch Team With $355M In Client Assets

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Bellars Harris Wealth Management joins the firm’s independent advisor channel in Virginia Beach, Va.

Schwab's Deal For TD Ameritrade Wins Antitrust Approval

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Schwab's purchase of rival TD Ameritrade in a $26 billion deal further consolidates the brokerage industry.

U.S. Economy Too Fragile For Congress To Remove Income Support

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Congress is in a bind over what to do when unemployment benefits expire at the end of next month.

U.S. Jobless Claims Slow While Underscoring Persistent Weakness

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The 2 million unemployment applications last week shows a slowing in job losses.

Two Industry Champions Take Up The Challenge Of Advising Clients' 'Next Chapter'

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Money Management Institute and Financial Advisor magazine address the retirement income age.

Fidelity Throws Heft Into Hidden-Asset ETF Arena With New Funds

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Fidelity is launching three ETFs that will partially conceal their holdings.

Fee-Based Revenue Will Pinch Advisors In Bear Market, McKinsey Says

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A McKinsey report says advisors' move to fees has benefited them in good times but will hurt in the year of Covid.

Ocrolus Launches PPP Loan Forgiveness Solution With Audit Trail

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Lenders can now use Ocrolus to process time-consuming documentation easily and quickly.

BlackRock Files To License Active Non-Transparent ETF Structure

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The funds won’t report its holding on a daily basis.

DOL Issues Guidance Allowing Private Equity In DC Plans

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The guidance concluded that fiduciaries can lawfully include private equity investments in defined contribution plans.

Federal Court Considers XYPN's Challenge To SEC's Reg BI Rule

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After hearing arguments in the case yesterday, the panel is expected to rule before the regulation goes into effect June 30.

Even Stock Optimists Grow Nervous About Rally

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What once seemed sensible is starting to baffle even them.