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Ex-broker who stole from pension plan gets 6½-year sentence
John Sherman Jumper, a 17-year veteran of the securities industry, was based in Memphis, Tennessee.
Blackstone keeps eye on retail, Morgan Stanley open to more deals: Execs
Blackstone's CEO says the firm sees a 'huge' opportunity with retail investors and advisers, while a Morgan Stanley executive talked about recent and potential acquisitions.
Advisers’ ESG use could be at tipping point: Survey
A Financial Planning Association survey finds rising rates of advisers planning to increase and decrease ESG use this year.
Barred broker latest to be focus of a GWG bond complaint
Marc Korsch, who was booted from the securities industry last year, has a staggering 33 disclosure items on his BrokerCheck report.
Franklin Templeton buying Alcentra in European credit push
The deal for Bank of New York Mellon's European credit and debt subsidiary expands Franklin Templeton's access to alternative investments.
After latest deal, Advisor Group debt is stable but still ‘highly speculative’: Fitch
Fitch Ratings noted that the rating affirmation reflected Advisor Group's "improving scale as one of the largest independent financial advisers in the U.S."
Alto CEO’s IRA advice: Forget 60/40 and add alternatives
Eric Satz, founder and CEO of Alto, says investors need to add alternatives to their retirement accounts, especially in the wake of the market’s carnage.
Avoiding dividend yields that look too good to be true
Russia funds yielding between 300% and 3,000% represent the ultimate value trap. A better bet would be funds offering much lower yields.
Hedge funds brace for $20 billion of redemptions, Citco says
Only 40% of hedge funds globally made money in the first quarter, compared with 61% in the previous three months.
Crypto libertarians are learning the reason for regulations
As digital assets sell off, some crypto industry leaders are realizing that government rules aren't such an evil thing after all.
Lead broker-dealer seller of GWG bonds reports potential trouble
In its annual audited financial statement, Emerson Equity reported that problems related to an unnamed offering potentially could harm the firm.
Recession threat takes center stage
Financial advisers scramble to keep clients on track as markets drive lower, inflation climbs and an economic slowdown seems unavoidable.
Morgan Stanley’s Parametric moves the wirehouse into ETF management
Two filings show that Parametric is moving beyond its current focus on separate accounts and direct indexing to subadvise strategies for Innovator ETFs.
DOL continues to have qualms about Fidelity’s crypto 401(k) product
DOL acting assistant secretary Ali Khawar isn't reassured by the consumer safeguards included in Fidelity's Bitcoin offering for retirement plans.
Strategists see lower returns as economy mirrors 1970s
Mohamed El-Erian and Niall Ferguson are seeing echoes of the 1970s in today's market. Will the '70s strategies work in the 2020s?
Big GPB fund reports — finally — and posts revenue and income growth
After the partnership missed its deadline to file audited financial statements in 2018 for its two largest private funds, the entire GPB enterprise struggled.
Broker-dealers face risks aplenty, regulators warn
Firms should be watching out for employees chatting on WhatsApp, as well as brokers in need of heightened supervision and complex products being sold to retail customers.
Strong returns for alternatives attract flows, but advisers should tread carefully
The point of investing in alts is to adjust the risk weighting in a portfolio, so advisers need to identify the risk they're seeking to address, said panelists at the Morningstar Investment Conference.
Gensler: Plenty of pitfalls for clients investing in crypto
'This space, crypto markets, is a highly speculative asset class,' the SEC chairman said Monday at Finra's annual meeting.
Customer wins more than $450,000 from TD Ameritrade over volatile investment
Ian Delahunty bought a leveraged exchange-traded note and owned it for 199 days rather than the day or two it was meant to be held.
