Industry News

Displaying 35344 results
Cathie Wood sells Meta shares as seven lose magnificence
NEWS INDUSTRY NEWS MAR 19, 2025
Cathie Wood sells Meta shares as seven lose magnificence

Ark Investment Management chief is buying 'names that mimic bitcoin'.

By Bloomberg
Elon Musk has been buying X shares at valuation near purchase price
NEWS INDUSTRY NEWS MAR 19, 2025
Elon Musk has been buying X shares at valuation near purchase price

The firm is fundraising as business sees recovery.

By Bloomberg
Judge rejects Franklin Templeton’s bid to revive defenses in blockchain case
NEWS FINTECH MAR 18, 2025
Judge rejects Franklin Templeton’s bid to revive defenses in blockchain case

Ruling allows trade secrets and contract claims over fintech technology to proceed to trial.

More senior executives leave rebranded SoCal B-D, Realta
NEWS BROKER DEALERS MAR 18, 2025
More senior executives leave rebranded SoCal B-D, Realta

The firm’s CFO, head of recruiting, and head of advisor relations have followed its CEO out the door.

By Bruce Kelly
Jefferies wins summary judgment against hedge fund founder over personal guarantee
NEWS ALTERNATIVES MAR 18, 2025
Jefferies wins summary judgment against hedge fund founder over personal guarantee

Court rules George Weiss personally liable for hedge fund’s collapse-era debts; bankruptcy backdrop reveals high spending and missteps.

By Matthew Sellers
Women's History Month: Female advisors discuss financial industry strides
NEWS WOMEN ADVISOR COMMUNITY MAR 18, 2025
Women's History Month: Female advisors discuss financial industry strides

Four female wealth managers discuss the progress of women on Wall Street.

By Gregg Greenberg
CFP Board warns of tax "tipping point" as TCJA expiration puts financial plans at risk
NEWS TAX MAR 18, 2025
CFP Board warns of tax "tipping point" as TCJA expiration puts financial plans at risk

With nearly nine in 10 seeing danger to clients' retirement income and legacy plans, among others, CFP professionals are urging strategic planning pivots and tax perks for advice-seekers.

By Leo Almazora
Fed Day focus fades as Trump keeps stock markets watching
NEWS INDUSTRY NEWS MAR 18, 2025
Fed Day focus fades as Trump keeps stock markets watching

As policymakers convene for their latest two-day meeting, investors are shifting their attention from elevated interest rates to growth concerns and tariff worries.

By Bloomberg
IRS eases off on some audits with retrenchments giving way to AI
NEWS TAX MAR 18, 2025
IRS eases off on some audits with retrenchments giving way to AI

While he hasn't laid out a clear plan, Treasury Secretary Scott Bessent has gone on record touting "the great AI revolution" in improving the agency's tax collections and customer service.

By Leo Almazora
More than three-quarters of advisors to embrace fee models by 2026, Cerulli says
NEWS PRACTICE MANAGEMENT MAR 18, 2025
More than three-quarters of advisors to embrace fee models by 2026, Cerulli says

Momentum continues for fee-based compensation as BD advisors ditch commissions and alternative compensation schemes emerge to lure diverse clientele.

By Leo Almazora
SEC accuses RIA firm, owner of violating settlement in multi-year fraud
NEWS RIAS MAR 18, 2025
SEC accuses RIA firm, owner of violating settlement in multi-year fraud

Commission says that fund and its investors lost $1.6M as a result.

By Steve Randall
Anderson, Baltch step up as co-heads of Dynasty's investment banking business
NEWS INDUSTRY NEWS MAR 18, 2025
Anderson, Baltch step up as co-heads of Dynasty's investment banking business

Experience at Goldman Sachs, UBS will serve new leaders well in their new roles.

By Steve Randall
US equities have never been this out of favor with fund managers
NEWS INDUSTRY NEWS MAR 18, 2025
US equities have never been this out of favor with fund managers

BofA survey finds record low exposure to US stocks.

By Bloomberg
Who has Trump picked as his top Fed enforcer?
NEWS INDUSTRY NEWS MAR 18, 2025
Who has Trump picked as his top Fed enforcer?

Appointment cheered by Wall Street amid expectation of supportive tone.

By Bloomberg
S&P bulls focus on corporate execs for positive signals on stock rout
NEWS INDUSTRY NEWS MAR 18, 2025
S&P bulls focus on corporate execs for positive signals on stock rout

Stock pickers are keenly observing leaders buying their own firm's shares.

By Bloomberg
Why Wall Street is keen to tap European ETF market
NEWS INDUSTRY NEWS MAR 18, 2025
Why Wall Street is keen to tap European ETF market

JPMorgan, BlackRock among firms planning to launch new funds this year.

By Bloomberg
March Madness special: Should financial advisors let their clients pick longshots?
NEWS EQUITIES MAR 17, 2025
March Madness special: Should financial advisors let their clients pick longshots?

Taking home first prize in an NCAA tournament pool often requires picking longshots and upsets. The same might be said for winning in the stock market.

By Gregg Greenberg
Stifel loses another hefty arbitration case – this time to ex-advisors
NEWS BROKER DEALERS MAR 17, 2025
Stifel loses another hefty arbitration case – this time to ex-advisors

This dispute centered on a group of Stifel Financial advisors who left the firm two years ago to an RIA.

By Bruce Kelly
'We have something special here'
NEWS BROKER DEALERS MAR 17, 2025
'We have something special here'

Janney Montgomery Scott's president and CEO tells IN about the firm's acquisition by KKR, the equity ownership arrangement for all its advisor employees, and how it plans to continue for another 200 years.

By Leo Almazora
Bridgewater's flagship hedge fund surges amid volatile markets
NEWS ALTERNATIVES MAR 17, 2025
Bridgewater's flagship hedge fund surges amid volatile markets

The firm's flagship fund, which invests in stocks, bonds, currencies, and commodities, saw accelerated gains as some peers lost ground.

By Bloomberg