Stocks started slipping on Aug. 16, following a two-month rally, as investors began to grasp that the Federal Reserve likely wouldn't soon pivot away from its interest-rate increases. After Fed Chairman Jerome Powell made clear in an Aug. 26 speech that indeed the Fed has no intention to back off rate hikes, the S&P 500 has dropped 3.5%. "This was not the Powell we…
Advisor News
According to the SEC's Complaint, from at least November 2016 through February 2018, Lee A. Bressler served as portfolio manager for the Carbon Master Fund, L.P. The SEC alleges that Bressler represented to investors that the fund followed a conservative investment strategy emphasizing capital preservation and low risk. The SEC's Complaint, filed in U.S….
Philadelphia, USA, August 30, 2022 â Equisoft, a leading global provider of digital business solutions to the financial industry, today…
Study shows “Great Realization” may require financial guidance
The challenges Americans faced during the last two years have caused many to redefine what is most important to them and rewrite rules to chart a new path. That new journey may require some financial guidance, however.
If you've been contributing to an IRA, you've chosen a great way to save and invest for retirement. All IRAs have potential tax benefits and a range of investment possibilities, but not all IRA providers offer the same features. So, if you decide that your current IRA provider is charging higher fees than you'd like, or perhaps doesn't offer as many investment…
RICHMOND, Va.– August 29 is According to Hoyle Day, in honor of Edmond Hoyle, known for his books on the rules and regulations of popular board and card games. Financial expert Jeremy Shipp, RICP Âź, CFP Âź, CLU Âź, WMCP Âź of Retirement Capital Planners, LLC. joined us today to share his According to Shipp rules for the game of successful retirement planning.
A Carlsbad man has been arrested on a federal fraud charge for allegedly orchestrating a pump-and-dump penny stock scheme that netted about $7 million in illicit gains. Joseph A. Padilla, 53, was taken into custody Thursday at San Diego International Airport, according to the U.S. Attorney for Massachusetts, which investigated the case. Padilla, who also has a…
The SEC said in an email that it doesn't comment beyond court filings. In August 2021, Woods, who lives in Marietta, Georgia, was accused by the SEC in a civil complaint of "running a massive Ponzi scheme for over a decade," defrauding more than 400 investors. But the SEC in court filings alleged that investments Woods made in a number of companies and in real estate deals,…
As professionals, each with over thirty years in the financial services industry, it is disheartening to periodically hear of embezzlement, fraud or some other criminal activity that destroys the wealth of an individual or a business and the reputation of this industry. That said, like any industry, there are those that scheme to take advantage of the unwary and…
MetLife Investment Management, the institutional asset management business of MetLife, Inc., announced that it has entered into a definitive agreement to acquire Affirmative Investment Management, a specialist global environmental, social and corporate governance impact fixed income investment manager with deep capabilities in impact investing,…
The average American household's median income is nearly $80,000 as of 2021, according to the U. S. Department of Housing and Urban Development. A recent analysis by the Brookings Institute found that the cost of raising a child has risen upward of $300,000 due to soaring inflation. Separately, LendingTree researchers estimated that basic costs for raising a…
A judge has ordered Kentuckyâ s state pension agency to release a suppressed report about possible fraud in its controversial hedge fund investments, ruling that taxpayers deserve to see a report that cost them $1.2 million. âThe public paid $1.2 million for this report,â Franklin Circuit Judge Phillip Shepherd ruled Thursday.â The public has a right to know its…
Americans currently owe a collective $1.58 trillion in student loans, changing the shape and trajectory of the U.S. economy. In New York in 2017, for example, New York announced a scholarship program that would provide free tuition at public colleges to residents whose families make less than $125,000 a year. Stacker looked at 2022 data from the Federal Reserve…
As you know, the stock market has attracted a lot of attention- and for good reason, as we've seen considerable volatility almost from the beginning of the year. But if you own bonds, or bond-based mutual funds, you might also have some concerns. Inflation has heated up, leading the Federal Reserve to raise interest rates to help "cool off^' the economy.
Borrowing costs have risen swiftly so far in 2022, as the Federal Reserve raises interest rates in an effort to cool down an economy that's facing inflation rates at 40- year highs. Elevated interest rates have significant financial implications for consumers, especially when it comes to household expenses, investments and retirement planning.
SAN FRANCISCO â August 24th, 2022 â RetireOneÂź, the leading independent platform for fee-based insurance solutions, and Midland National Life…
Advisors turning to LinkedIn to help grow their businesses
More and more financial advisors are turning to LinkedIn to help form relationships and grow their businesses.
A move towards title protection exposes cracks in planner qualifications
While some have simply suggested the CFPÂź Marks as the benchmark for being a financial planner, many have pointed out that using something like the marks as the qualification meets the definition of licensing more than of title protection.
Owner of la Barbecue food truck and restaurant LeAnn Mueller and Allison Clem, her manager and wife, are both expected to be in court in Travis County on September 28 after being indicted for defrauding an insurance company for some $350,000, according to an August 23 Texas Department of Insurance release. In 2016, an employee at the La Barbecue restaurant…
