DOWNTOWN BROOKLYN— A former investment banker and registered broker appeared in federal court in Brooklyn on Tuesday to be arraigned on charges related to a cryptocurrency investment fraud scheme. Rashawn Russell, who is 27 years old, was arrested in Brooklyn on Monday and was arraigned on Tuesday before U.S. Magistrate Judge Ramon Reyes, Jr.
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Washington officialdom has heard warnings of approaching insolvency of the Social Security system for years and has responded by kicking the solvency can down the road. The Social Security trustees reported on March 31 that the nation’ s retirement fund is on course to run short of sufficient money to pay full benefits as soon as 2033, a year earlier than…
A majority of Americans are opposed to raising the retirement age for younger Americans to shore up solvency for Social Security, new polling finds. By contrast, the poll showed bipartisan support for upping taxes on the wealthy to extend solvency for Social Security, as proposed in the Social Security Expansion Act, which was introduced by Sens.
The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.Welcome to NerdWallet's Smart Money podcast, where we answer your real-world money questions.This week's…
Tax and investment expert Jeffrey Levine highlights IRA and HSA contributions among the ways you can still cut your tax bill. Jeffrey Levine, chief planning officer of Buckingham Strategic Wealth, tells TheStreet's Robert Powell that there' still plenty of time for most people to save on their 2022 taxes if they contribute to certain retirement accounts…
Calling it an "extraordinary recovery," U.S. District Court Judge Larry Burns on Monday cleared the way for an initial distribution of $21 million from the court-appointed receivership that has spent nearly four years liquidating the dozens of assets and bank accounts held by Champion-Cain's companies before she was charged with securities fraud and later…
Allianz Life study finds majority of Americans are worried about their long-term financial stability.
The latest jobs report is in, and the good news is Federal Reserve policy on inflation appears to be working. The March 2023 jobs report reveals that the U.S. economy added 236,000 jobs during the month– roughly in line with expectations. A trend does appear to be emerging as the U.S. central bank's efforts to slow the economy down and tame inflation appear to finally…
The average long-term U.S. mortgage rate dipped for the fourth straight week, a good sign for potential home buyers and a real estate market that's been mostly cold since the Federal Reserve began raising interest rates more than a year ago. The recent decline in mortgage rates is good news for prospective homebuyers, many of whom were pushed to the sidelines…
9 ideas for financial services marketing on a shoestring
With costs increasing daily, agents and advisors are looking for ways to stretch their hard-earned dollars. Two industry experts recently offered helpful hints on how to market your practice on a shoestring.
The Colorado Securities Commissioner Tung Chan announced a multi-state settlement with Robinhood Financial LLC who will pay up to $10.2…
A new survey of American consumers conducted by Certified Financial Planner Board of Standards shows that 9 in 10 Americans are concerned about the current cost of living.
Rather than implement pro-growth economic policies to increase supply, the Biden Administration has increased regulations and anti-fossil fuel policies while at the same time flooding the country with more government spending— thereby inflaming inflation. Leaving the Federal Reserve to fight inflation by itself, its only tool is to crush demand with a…
Though they have higher levels of financial literacy than the average American, independent workers find that retirement planning poses a particularly difficult challenge, according to Legal & General’s U.S. Gig Economy research.
Apr. 4— Bond yields are back, Daniel B. Berkowitz has been telling clients at Philadelphia- based Prudent Asset Management, which manages $1 billion for investors including Congregation Rodeph Shalom and family-business owners. Both stock and bond values plunged last year as the Federal Reserve boosted interest rates, leaving retail investors with fewer…
Chinese tycoon Guo Wengui should stay behind bars until he faces trial in a $1 billion fraud case because he could easily flee the country with one of his numerous passports and the means to flee, Manhattan federal prosecutors argued Tuesday. The billionaire, who hosted Steve Bannon on his yacht before he was arrested, has an“ exceptionally compelling motive to…
Wengui, 54, who was arrested on an indictment last month under the name Ho Wan Kwok, is in federal custody at the Metropolitan Detention Center in Brooklyn, N.Y., facing several charges, including wire and securities fraud and money laundering. In court documents, the government said Wengui was known to travel between his Greenwich home and others in New York City…
Tax return anxiety adding to banking customer jitters, says survey
Banking customers already jittery about high inflation and fears of a recession have added tax returns to their anxiety list as filing deadlines approach, according to a survey by J.D. Power.
Investor satisfaction with full-service investment advisors plunged 17 points (on a 1,000-point scale) year over year, according to the J.D. Power 2023 U.S. Full-Service Investor Satisfaction Study.
Have you felt increasingly overwhelmed by the growing numbers on your monthly credit card bills? Between December 2021 and December 2022, total balances jumped by $130 billion, the largest annual increase the Federal Reserve had ever seen. Because they don't have that help anymore and groceries and medical bills are costing more, "said Sara Rathner, a credit…
