The Federal Open Market Committee voted 11 to 1 to lower the federal funds rate to a range of 4.75% to 5%, after holding it for more than a year at its highest level in two decades.
In a Florida state lawsuit, financial advisor Deborah Lennon claims she would only be hired on the condition she agreed to have sex with “the person responsible” for deciding whether Amerirprise would hire her.
The SEC found that after a merger, First Horizon did not properly follow its Regulation Best Interest procedure when making structured note recommendations to some clients.
Many advisors may view AI as a silver bullet, one that will replace their back-office staff. But panelists at the Future Proof Festival this week said it's more of an optimizer.
