Patriarch in Pump-and-Dump Scheme Pleads Guilty - Again

Jul 21, 2016

(Bloomberg) -- The head of a family charged with participating in a $20 million pump-and-dump scheme pleaded guilty to running a fraud ring that allegedly involved his three sons and that prosecutors called "just the latest chapter in a...

Schwab Sees Low Yields as Fund Managers Stock Up on Treasuries

Jul 21, 2016

(Bloomberg) -- Charles Schwab Corp. said Treasury yields will stay low following a record-setting rally as a survey showed money managers own the most U.S. debt since the start of May...

At Visium, Red Flags Presaged Downfall of $8 Billion Hedge Fund

Jul 20, 2016

(Bloomberg) -- Long before Jacob Gottlieb was forced to unwind his Visium Asset Management last month amid insider trading allegations, red flags were emerging at the once $8 billion hedge fund...

401(k) Investors Feel Confident, Know Little About Their Investments

Jul 19, 2016

Investors feel confident they’re getting the most out of their 401(k)s but acknowledge not knowing much about them, says Scarborough Capital Management’s 401(k) Pulse Survey...

Continuing Education Has Its Benefits

Jul 19, 2016

Before and after. Earning a financial certification or professional designation has serious benefits for those working in financial planning, says the 2016 Survey of Trends in the Financial Planning Industry, a report by the College for Financ...

ICI Calls Out Broker Kickbacks for Delivery of Fund Reports

Jul 18, 2016

A fix is needed. | Purestock/Thinkstock ...

Snowden Lane Snags Second Merrill Lynch Exec in Three Months

Jul 18, 2016

Snowden Lane Partners has announced that Sam DeGennaro, former first vice president of Merrill Lynch, will serve as partner and managing director in the firm’s New Haven, Connecticut, office...

RIAs Maintain Decade of Growth

Jul 15, 2016

Charles Schwab released its 10th annual RIA benchmarking study on Friday, showing independent advisory firms in 2015 maintained a now decade-long growth trajectory...

Rich Asians Seen Turning More to Private Banks After Brexit

Jul 15, 2016

(Bloomberg) -- More rich Asians are asking private banks to manage their wealth amid increasing volatility in financial markets, a new survey shows, in an encouraging sign to firms such as UBS Group AG and Credit Suisse Group AG that are...

AARP Files Amicus Brief in DOL Case

Jul 14, 2016

Friends with the AARP. | Copyright Alex Wong, Getty Images ...