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Four Texas REIT executives guilty of fraud
The UDF real estate dilemma has been unwinding for years. The UDF executives now face up to 25 years each in federal prison.
Wealthspire kicks off rebranding efforts in wealth management build-out
Lenox Wealth Advisors became Wealthspire over the weekend, with Private Capital Group and Private Ocean the next firms under NFP's umbrella to see name changes.
World’s top gold ETF sees holdings surge in bullish demand sign
SPDR Gold Shares reports biggest inflow since listing in 2004.
BNY Mellon sees potential for digital asset revenue in 2023
Firm is waiting for clarity on ETF rules, CFO Portney says.
Gemini moves into wealth management with Bitria acquisition
The $7.1 billion cryptocurrency exchange has agreed to purchase Bitria, a 5-year-old startup that provides advisers with tools to access and manage holdings of Bitcoin and other tokens.
Alts open up everything from Harlem Renaissance art to Japanese whisky
The new products not only provide investment opportunities that aren't available on the open market, but can also combine a client’s passions — for things like antique cars or even musical instruments — with their investment portfolios.
Alts provider CAIS lands $225 million in funding
As the number of publicly traded companies steadily declined over the past decade, investor interest in the private markets has increased markedly.
Bitcoin sell-off shakes adviser confidence in crypto
For many financial advisers, the slide reinforced the notion that Bitcoin is just too volatile for client portfolios.
Fake crypto offerings pose biggest investor threat, regulators say
Scams involving self-directed individual retirement accounts are another area of concern, according to an annual survey by the North American Securities Administrators Association.
Inside iCapital’s $497 million in fresh funding
The alternative investment provider increased assets on the platform to more than $104 billion last year. The secret could be its ability to combine multiple high-net-worth investors into a single private placement.
Crypto diehards are about to find out if it really was a bubble
To skeptics, the crypto world as a whole is a mirage whose massive run-up past $2 trillion was simply the speculative by-product of the extraordinary amount of easy cash that’s been sloshing around in the global economy.
Merrill Lynch settles ski resort claims for $4.5 million
The settlement stemmed from potential claims related to Merrill's "management and oversight" of brokerage accounts opened by the owner of Jay Peak, the failed Vermont ski resort.
SEC punts again on NYDIG Bitcoin ETF
The agency said it needs another 60 days to make a determination, pushing the new deadline to March 16.
Finra tags two firms with penalties due to mutual fund sales
Emerson Equity and Triad Advisors reached end-of-the-year settlements related to complaints about poor supervision of certain mutual fund sales.
Bitcoin slides below $50,000 capping a down December
Investors have retreated from the most speculative corners of global markets of late, worried that an ebbing tide of central bank stimulus could spell trouble. Just how exposed Bitcoin and the wider crypto universe is to that risk is the subject of heated debate.
Fine wine: The unconventionally attractive alt investment
Why not invest in some Château Lafite Rothschild? You can let the value appreciate over time, or if worse comes to worst, you can drink it.
Crypto barrels toward 2022 after adding $1.5 trillion in value
Bitcoin’s share of the crypto market shrank dramatically over 2021 as other tokens rocketed, a sign of how investor interest in digital assets broadened out despite — or perhaps because of — enormous volatility.
CI Financial notches 29th and 30th deals in record buying spree
The Toronto aggregator announced a twofer that combines for $10 billion in assets under management. The deals push CI’s U.S. footprint to $115 billion in assets.
Morgan Stanley-backed Bitcoin firm NYDIG raises $1 billion
The firm, which counts some of the biggest Wall Street banks as its partners, was valued at more than $7 billion in the round.
Robinhood plans crypto gifting feature
Users will be able to send cryptocurrency via digital gift cards, according to code discovered in a beta version of the company's iPhone app.
