The rally in equities is set to grind to a halt as investors come to grips with slowing U.S. growth, and seasonal factors are likely to compound the selling pressure, according to Vantage Point Asset Management. Tighter lending standards and fledgling signs of slack in the labor market suggest that...
The enforcement division of the Securities and Exchange Commission has issued formal requests, including subpoenas, to a number of investment firms over their sustainable investment advertising practices. This escalation shows the SEC’s heightened scrutiny on environmental, social and governance funds. A significant point of concern for the SEC includes mainstream...
Employers offering defined-contribution plans to their workers are broadening their focus on financial well-being, according to a poll from J.P. Morgan Asset Management. DC plan sponsors are especially keen to ensure that their employees are well-placed to enjoy adequate retirement income, with 9 out of 10 respondents saying they “strongly...
SageView Advisory Group has announced some leadership changes that see founder Randy Long appointed as chairman of the board and John Longley joining the firm as CEO. The changes are effective from Sept. 1 and reflect a new phase in the RIA firm’s growth which continue its expansion in both...
Attorneys who represent investors in actions against brokerages and registered representatives are hopeful that expungement reforms Finra enacted late last week will make it harder for reps to clear their records of disputes. The Financial Industry Regulatory Authority Inc. on Friday adopted amendments to its expungement procedures, which allow reps...
Bankers, money managers and other financial market participants are starting to loathe the label “ESG” — but they’re also sticking with the strategy, according to a Bloomberg survey. About two-thirds of respondents in a survey of roughly 300 Bloomberg terminal users said the anti-ESG movement that started in the U.S. last...
It’s been called the cradle of liberty, throws great parties (tea) and is the state with the nation’s third highest median income (if you include D.C.). And now? Now it’s decided to turn the screws on some of its biggest earners. Late last week Massachusetts Gov. Maura Healey ratified the fiscal...
Jeff Rosenberger is about as close to a “lifer” as one can get in the relatively new financial technology industry. Growing up just north of San Francisco in Marin County, Rosenberger was exposed to financial products at an early age by his father, a executive with FICO, and mother, a...
The Securities and Exchange Commission has not yet come to a decision on whether to approve the ARK 21Shares bitcoin ETF application, delivering another delay for the long-awaited product. The issuer had originally filed in April, and regulators had until Aug. 13 to say whether they would approve, reject or...
Retail investors are expected to join institutions in a growing investment market which provides funding for legal disputes. The global litigation funding investment market is estimated at around $16 billion in 2022, but forecast to grow by 9% for 2023-2028, becoming a $24 billion market in five years’ time as...