Advisor News

With lawsuits against Binance and Coinbase, the Securities and Exchange Commission has targeted some of the largest remaining players in the crypto space, accusing the former of outright fraud and misuse of funds and the latter of failing to register as a securities broker. If you're swayed by the argument that crypto assets are currency alternatives and not…

Members of Generation X are confronted with a new set of financial challenges that are redefining their plans for retirement, just as they enter their final working years.

U.S. public sector pension plans are planning ahead for the potential impact of further economic and market shocks, a new…

Now, as USA Today recently pointed out, more and more older Americans living on fixed incomes are realizing they may need to "unretire" to make ends meet. The Consumer Price Index rose by nearly 5% between April 2022 and April 2023. The large money management firms to whom they have entrusted their savings may not be generating the maximum possible return on their…

If you save and invest for decades, you'd like to know you can retire without fi-nancial worries. Nonetheless, you still have to be aware of some threats to a comfortable retirement- and how to respond to them. Your withdrawal rate should be based on several factors, including your age at retirement, the size of your portfolio and the amount of income you receive from…

Like most American consumers, small and mid-size business owners are increasingly concerned about economic conditions in the U.S., with two-thirds of them expecting a recession in the next six months, according to a new Nationwide Retirement Institute survey.

By January 2020, she had stolen at least $50,210 in Social Security Administration Retirement Insurance Benefits paid to her mother, according to the U.S. Attorney’ s Office for the District of Massachusetts. McClatchy News contacted a public defender representing her for comment on June 5 and didn’ t receive an immediate response. Although prosecutors have…

Don't be shortsighted when it comes to planning for retirement. When you're making financial decisions, especially for your golden years, you definitely want to make them with a long-term perspective. One of the first realizations people must consider is that retirement could encompass a period of 20 to 30 years for some people.

The U.S. Attorney for the District of Utah, Trina A. Higgins, issued the following news release on June 2, 2023:. A Utah woman pleaded guilty Tuesday to securities fraud and admitted she devised a scheme intended to defraud investors and obtain money and property, under false pretenses, to benefit her company, ProSky Inc.. From February 2015 through February 2020, in…

Jun. 1— A federal judge on Thursday described Joseph LaForte— founder of besieged Philadelphia business lender Par Funding— as a "menace" and ordered him jailed until his trial in a $550 million fraud and extortion case. U.S. Magistrate Judge Richard A. Lloret said he'd been convinced by prosecutors that LaForte, 52, of Philadelphia, had attacked, threatened, or…

Two Lake Norman men, one who owns a lakefront mansion and the other who owns a lakefront home, pleaded guilty Thursday to wire-fraud conspiracy, admitting they stole from unsuspecting investors, federal prosecutors said. Cornelius residents Marlin Hershey and Dana Bradley, both 53, coaxed dozens of victims to invest in unregistered securities, U.S. Attorney…

The stock market has traded in a fairly narrow range in recent weeks, holding its breath for a deal on the debt ceiling and for signs of oncoming recession. The market is also awaiting future Federal Reserve actions. Bulls and bears have been in a standoff— debating whether a weaker economy will cause the Fed to cut rates and boost stock prices or whether an oncoming…

While there is plenty to discuss regarding what is happening in the stock market and the economy, much of it consists of the same actions and reactions that we've been talking about for a year and a half. During this time, we watched the Federal Reserve label the inflation as "transitory." Furthermore, over the last year, Wall Street was aware of the Fed's intentions as…