James Comer, R- Ky., sent a letter this week to Board of Governors of the Federal Reserve System General Counsel Mark Van Der Weide raising the question: Does this bias and collusion among investors violate federal law? …the Committee is examining whether certain asset managers are in breach of agreements with the Federal Reserve System and how the broader asset…
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The Federal Reserve has signaled it may start cutting interest rates later this year, but perhaps it should just leave them alone— indefinitely. Demand has been weak in Europe as those economies adjust to the transition to electric vehicles and green energy and wean themselves from Russian natural gas. China is reeling from a property-debt bubble, weakening…
Financial services careers: More than math and sales
A career in financial services is more than math and numbers and sales, a panel said at a recent symposium.
Understanding available employee benefits helps advisors fill gaps, study says
Nearly 70% of workers surveyed will have at least one employer-provided insurance policy in 2024 other than health insurance, a study found.
Medicare premiums are based on your taxable income from two years prior and increase when you move from a lower income bracket to a higher one.Fortunately, there are several tax breaks that can help older Americans reduce their taxable income and the amount they fork over to Uncle Sam every year.“ Congress and the states have made the decision to make these tax…
March 2024 is making investors nervous. The red letter day is March 11, when US central bank the Federal Reserve will end the bank term funding program, a year after it began in response to the failures of regional banks Signature, Silvergate and Silicon Valley. There soon followed the failures of Signature and also Swiss bank Credit Suisse, which had to be taken…
Financial services careers can take many paths
With more than 6.5 million Americans working in financial services and wealth management, there are many paths to a career in the field beyond being an advisor or a wealth manager.
Generational wealth: It requires discipline and focus
Generational wealth is “when you’re OK, you can do something for someone else,” Gerald Grant II said.
Study: Investors of color entering market more quickly than whites
Investors of color are entering the market at a faster pace than white investors, according to a recent FINRA study.
In AI ‘Wild West,’ firms urged to adopt in-house policies
In the absence of regulation on generative AI, businesses and independent professionals should create ethical use policies, one expert says.
Women assuming more financial power, responsibility, study finds
Women are assuming more financial responsibility, with 49% considering themselves to be the CFOs of their household.
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&…
A financial services career is more than planning
Financial services needs talent in several areas – not just in planning, a pair of Schwab leaders said.
Column: Boosting retirement income with annuities
Fear of the unknown can lead to missed opportunities throughout our lives, including in financial planning.
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.