As 2025 comes to a close, many financial professionals are turning to market forecasts from top financial firms to gain insights into what’s ahead for 2026.
American workers are feeling more optimistic about their retirement finances, but that optimism may be masking some underlying risks.
Investors’ use of online brokerage accounts and newer investment techniques, such as crypto, ETFs, and options trading, are on the rise.
New FINRA notice requires broker-dealers to keep records of any text message correspondence, and take responsibility for any links or shares to third-party content providers.
Mike Lundy, 68, was sentenced to five years in prison on May 19 after pleading guilty to wire fraud, as well as making and filing a false tax return. “This was just your classic Ponzi scheme,” Assistant U.S. Attorney Ben Patterson said. Lundy was then a registered investment adviser and a commissioned representative of Primerica, a North American financial services…
Fidelity Investments ®, one of the largest and most diversified global asset management firms with more than $2.2 trillion in managed assets 1, today announced the launch of Fidelity Municipal Income 2025 Fund– an addition to Fidelity’ s Defined Maturity Funds lineup that seeks to bridge the gap between individual bonds and bond funds. “With aging…
A new NAIFA certification aimed at life and annuity agents to be unveiled next week has major potential to help agents penetrate Asian developing markets, analysts say.
DALLAS- A Houston man, Christopher Arnold Jiongo, appeared this morning before U.S. Magistrate Judge Paul D Stickney and pleaded guilty to one count of wire fraud, announced U.S. Attorney John Parker of the Northern District of Texas. Co-defendants Craig Allen Otteson, 64, of McKinney and Jay Bruce Heimburger, 58, of Dallas, are scheduled for trial July 17, 2017.
Clients tend to get more enthusiastic and emotional about investing when the stock market is bullish, analysts say. Advisors can do well to keep clients on an even keel while those emotions run high.
Insurers and annuity companies have reported a record 26 filings for fee-based variable annuities in the six-month period that began Dec. 1.
California man allegedly defrauded former Indianapolis Colts player out of over $4.5 million. Indianapolis– United States Attorney Josh Minkler announced the indictment of Kenneth Ray Cleveland, 63, of Agoura Hills, California, in connection with an alleged investment fraud scheme. The indictment charges Cleveland with seven counts of wire fraud and…
The Tennessee Department of Commerce and Insurance issued the following news:. The Tennessee Department of Commerce and Insurance’s Securities Division announces that Nashville resident Clarence Andrew Elcan has been permanently barred from working as an investment adviser or broker in Tennessee and must pay a $10,000 fine as part of his punishment…
John O. Wilson, 54, of Antioch, Tenn., was sentenced today to 52 months in prison, followed by three years of supervised release for defrauding his clients and insurance agencies out of more than $800,000, announced Jack Smith, Acting United States Attorney for the Middle District of Tennessee. Wilson was also ordered to pay $841,000 in restitution.
Lincoln Financial Group today announced the launch of Lincoln Max 6 Select SM Advantage, offering investors a combination of 6% Income Base growth that stacks on prior account value lock-ins, and access to a diversified lineup of investment options with up to an 80% allocation to equities. “Retirement savers are not one size fits all, and neither are the…
WASHINGTON- Federal Reserve officials signaled in discussions early this month that they would likely start reducing the Fed’s huge portfolio of bond holdings later this year, a step that could cause borrowing rates to rise. The Fed would set a cap on the size of maturing bonds to be sold each month and a schedule for gradually raising the cap.
WINDSOR, Conn., May 24, 2017— U.S. single premium pension buy-out sales totaled $1.4 billion in the first quarter 2017, a…
He was expected to enter a plea on Tuesday morning, but the case was postponed because David Wilson, Micah’s brother, needed to be present to sign papers related to the case. According to attorney Bill Moore, who is representing David Wilson as well as D&M LLC, a business owned by the brothers, David Wilson was in a car accident, causing him to miss the court date.
Louisville, KY – May 23, 2017 – As lawmakers continue to dominate the headlines, Washington politics is rated among the…
Sales of fixed indexed annuities (FIAs) are expected to be hit the hardest as new regulations and uncertainty among distributors will dampen new sales of individual annuities in 2017. LIMRA’s forecast is for sales of all U.S. individual annuities to drop between 5 percent and 10 percent in 2017.
BOSTON– The owner of two Cambridge- based investment advisory firms was arrested in Vermont on Saturday, May 20, 2017, in connection with a scheme to defraud hedge fund investors. Yasuna J. Murakami, 44, of Cambridge, was charged with wire fraud in federal court in Boston. Murakami was a managing member of MC2 Capital Management LLC and MC2 Canada Capital Management…
Small caps have had a rough 2017 to date, but analysts point to several factors that could spur a rebound — among them, tax reform, interest rates and regulation reform. Investors should steer clear for now.
With 100,000 brokers retiring in the next ten years, and half the industry talent age 55 or higher, according to a new report, some in the financial services industry are trying to recruit much younger advisors.
Industry witnesses joined House Republicans Thursday in calling on President Donald J. Trump to further delay the Department of Labor fiduciary rule. The rule is slated to take effect in two phases: June 9 and Jan. 1, 2018.
