FA News

Bitcoin Almost Wipes Out Its Mega Gain Just As Swiftly As It Came

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Bitcoin’s rise was meteoric this week, but its decline has been just as swift.

Murphy Abandons Push For N.J. Millionaire's Tax In Next Year’s Budget

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The New Jersey governor said his proposed millionaire’s tax won’t be part of the budget for fiscal 2020.

Petersen Advisors, A $600M OSJ, Affiliates With Cadaret Grant

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Petersen, a Wall, N.J., OSJ with $600 million, has affiliated with Cadaret, a subsidiary of Atria Wealth.

Optimism Hits Nine-Year Low at U.S. Small, Midsize Companies

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Economic confidence among CEOs at U.S. small and midsize businesses stumbled in the second quarter.

SEC Charges New Defendant In $43 Million Tribal Bonds Fraud

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The latest defendant in the three-year-old case may have been the biggest winner from the scheme, the SEC said.

DWS Group Rolls Out First S&P 500 ESG ETF

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The low-cost product expands the company’s lineup of ESG-focused funds.

How An Advisor Forged A Truce When Two Siblings Went To War

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When two siblings got into a heated feud after their father died, advisor David Parks was called in to restore order.

Erasing College Debt Helps Everyone, Says Economist Behind Plan

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Stephanie Kelton says the whole economy will benefit if America’s $1.6 trillion in student debt is canceled.

Employer Student Loan Benefit Programs A Growing Trend, EBRI Says

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A third of employers are considering such plans or have one already, EBRI says.

Goldman Joins JPMorgan in Slashing U.S. Yield Call To 1.75%

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The two banks pull down yield forecasts, anticipating the China trade war hit and the dovish shift by central banks.

S&P 500 Strategists As Antsy As Everyone Else On Rest Of Year

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Forecasters say the S&P 500 will end 2019 about where it sits now.

Home Buying Difficult For Americans In Three-Fourths Of Markets

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In three-quarters of the markets, median home prices were too high for average wage earners in 2Q.

Democrats Slam Corporate Power With Vow Of Antitrust Crackdown

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Democratic 2020 presidential hopefuls assailed tech giants' power and pledged stricter antitrust enforcement.

RegentAtlantic To Merge With RIA Hillview Capital

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The merger will give Morristown, N.J.-based RegentAtlantic a total of $4.7 billion in managed assets.

LPL Fined $1M Over Failure To Register 651 Advisors In Massachusetts

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The nation's largest independent broker-dealer also failed to timely report customer complaints and other events, regulators said.

Bitcoin's Blowout Rally Exerts Pain As Record Shorts Get Burned

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The industry’s undergoing a second renaissance as mainstream institutions more widely embrace cryptocurrencies.

Murphy Fights For N.J. Millionaire Tax: 'Whose Side Are You On?'

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Senate President Steve Sweeney, a Democrat like Murphy, said the governor was “living in a fairy land.”

Gender Pay Gap Leaves Women Behind In 401(k) Savings

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Female pre-retirees are significantly behind men in terms of 401(k) assets, according to a T. Rowe Price survey.

Reg BI Defunding Amendment Opposed By Broker-Dealers

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The long-shot House amendment would stop the SEC from enforcing its new conduct rules for brokers and advisors.