Advisor News

The office of the U.S. Attorney for the Eastern District of Virginia issued the following news release:. A foreign national formerly of Henrico was sentenced today to two years in prison after engaging in a $3.1 million insider trading scheme. Huang personally made over $1.4 million in profits, while the overall conspiracy made more than $3.1 million.

Now, even as the risk of additional bank failures looms, this legislation languishes before the full Senate. Congress has apparently forgotten the disruptions caused by last year's failures and the tens of billions of losses for the FDIC. The executives failed to effectively hedge that risk, while also relying heavily on unstable, uninsured deposits which…

A barred investment broker from Glen Cove pleaded guilty to grand larceny and other fraud charges on Feb. 9th after defrauding investors with a half-million dollar stock scheme, deceiving them to believe they were purchasing pre-IPO stock for well-known companies, according to the Nassau County District Attorney's Office. Peter Quartararo, 57, pleaded…

Truist Financial Corp. is selling its stake in Truist Insurance Holdings, a subsidiary of Truist and the fifth largest insurance brokerage in the U.S., for $15.5 billion, the Charlotte-based bank said Tuesday. The sale— expected to close in the second quarter of this year— is to an investor group led by private equity firms Stone Point Capital and Clayton, Dubilier&…

Credit card debt is clearly causing restless nights after many consumers simply attacked higher prices for gas, groceries, and other goods by pulling out the plastic. A record $1.13 trillion in debt ended up on credit card balances during the fourth quarter of 2023, according to the latest report on household debt from the Federal Reserve Bank of New York.

Digital World Acquisition Corp. announced the approval of the merger between Digital World and Trump Media& Technology Group. We are excited to soon share the news of the Business Combination's approval process with them,” Eric Swider, CEO of Digital World, said in a statement on Wednesday. The SEC said Digital World violated anti-fraud laws in July by not…

Brad Rhodes: Buy guarantees, not promises. Published 12:00 am Sunday, February 18, 2024. The famous investor, Warren Buffett, put it in perspective when he said this about the insurance business.

One of your important sources of retirement income will likely be Social Security— but when should you start taking it? You can start collecting Social Security benefits at 62, but your checks will be considerably bigger if you wait until your full retirement age, which is likely between 66 and 67. However, if you have adequate financial resources to meet your…

While reading a list of business headlines, the following captured my interest: "I am 52 years old planning for retirement. Should I open a Roth IRA or open an index fund or exchange-traded fund? " If you put $5,000 into your traditional IRA, your income for the year contributed is reduced by $5,000 for that tax year.

Wells Fargo& Co. has had another consent order terminated by its federal regulator related to its fraudulent customer account scandal that erupted in September 2016. The bank and the Office of the Comptroller of the Currency confirmed the ending of the consent order in separate statements on Thursday. On Thursday, the Office of the Comptroller of the Currency…

Maya Angelou's name probably doesn't come up too often in the typical conversation on Wall Street, but the celebrated African-American poet nonetheless has some sound advice on relationships that investors perhaps should have heeded these past few weeks. The Federal Reserve has been telling investors for weeks, some would argue months, that betting on…

Roberto Montano, a/k/a Jorge Roberto Montano Midence, a/k/a Roberto Pellegrini, a/k/a Alberto Yardi, 58, pleaded guilty to wire fraud, U.S. Attorney Jane Young announced Tuesday. Chief U.S. District Court Judge Landya B. McCafferty scheduled sentencing for May 30. Montano is a Guatemalan citizen who managed two forestry projects in Guatemala for an investment…

Feb. 13— Like many Medicaid recipients, Brenda Spicuzza of Fairborn had no idea she was racking up debt to the state of Ohio by merely being on Medicaid until she read about estate recovery in the Dayton Daily News. I canceled two doctor appointments today because I don't want to rack up any more charges of what I owe to the state of Ohio. " The Dayton Daily News has…