The free trading app is under scrutiny as it advances toward a debut likely to draw in buyers from its own novice investor base.

The regulator raised “deal killer” concerns last week and “stopped” the deal, Ackman said in a CNBC interview.

This policy needs to be evaluated from multiple facets, instead of treating it like a simple line-item budgetary issue.

The savviest advisors have figured out how to frame sustainability as a logical extension of the work most already do.

In this week’s fund news, Vanguard and BlackRock take stakes in Just Invest and SpiderRock, respectively; Goldman rolls out its first transparent active equity ETF; and Jacob Asset Management gets into the ETF business.

The actively managed JFWD will invest in “innovative, forward-thinking companies that the team believes are leveraging technology to create significant competitive advantages.”

Vanguard leads the way as industry prepares to shatter annual record with months to go.