Bitcoin may be closer to bursting out of a period of unusually low volatility if chart patterns and the token’s history are any guide. Some gauges of how much the largest digital asset swings around dropped toward a record low in the past month as bitcoin hovered around $30,000. The...
The first lawsuit over the use of ESG in a 401(k) has a few gaping holes — most notably that the lead plaintiff in the proposed class action wasn’t invested in any of the funds in question, defendant American Airlines said. In a motion to dismiss filed Friday, the airline...
Wall Street regulators Tuesday hit broker-dealers with another round of hundreds of millions of dollars in penalties for failing to catch executives and traders using unofficial communications like WhatsApp. But of the 11 firms that agreed to pay $289 million to settle the matter with the Securities and Exchange...
Wells Fargo & Co. and BNP Paribas are among firms that will pay hundreds of millions of dollars total in penalties for employees using unofficial communications like WhatsApp to conduct business — the latest salvo in U.S. regulators’ crackdown on how Wall Street keeps records. Wells Fargo units agreed to...
Financial advisors using LPL Financial’s Model Wealth Portfolios unified account management program will now have access to direct indexing. The firm announced the enhancement at its flagship Focus 2023 event that ended Monday, and advisors will be able at access the feature through new custom indexed separately managed account solutions. The...
Bulging sales of Treasuries are about to deliver a major test of investor demand and determine whether a sell-off has room to run as the market braces for the biggest round of refunding auctions since last year. Yields have surged since late July, and climbed again Monday, amid evidence of a resilient...
Cathie Wood said that the Securities and Exchange Commission may approve multiple spot-bitcoin ETFs at the same time, reversing an earlier view that her firm would be first in line to get potential approval for the long-awaited product. “I think the SEC, if it’s going to approve a bitcoin ETF,...
Spousal consent would be required to start most distributions from 401(k) plans, under two companion bills sponsored by Democrats in Congress. The legislation aims to make defined-contribution plans more similar to traditional pensions in that regard. Unlike defined-benefit plans, DC plans aren’t legally required to make account holders get sign-off...
Cognitive decline is an unfortunate consequence of aging — one that affects as many as two-thirds of people. But new research suggests it hits several groups hardest: those who are white, male and have college degrees. Financial professionals say that the results underscore the importance of planning ahead for Alzheimer’s...
Saving for retirement isn’t going to be a priority for many workers when federal student loan payments resume this fall after a 3½-year hiatus. But an increasing number of employers are extending new perks to workers that recent legislation made possible, including loan repayment assistance and contributions to 401(k)s for...