FA News

Bitcoin Surpasses $11,000 As Memories Of Popped Bubble Fade

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It's the first time the cybercurrency has topped $11,000 in 15 months.

Trump Calls Fed A 'Stubborn Child' In Its Refusal To Cut Rates

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Expectations are growing that the Fed is on a course to cut as soon as its July 30-31 gathering.

Billionaires From Soros To Pritzker Heirs Call For Wealth Tax

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There are concerns that such a tax is unconstitutional because the federal government is prohibited from taxing property.

Tech-Focused Thematic ETFs Launching At Rapid Pace

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These funds are aimed at disruption and innovation.

Woman Named To Lead BMO's Family Office Looks To 'Define The Brand'

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Industry veteran Shannon Kennedy will oversee a team of 200 professionals.

'Coyote Of Wall Street' Pleads Guilty In N.Y. To Crypto Fraud

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He stole cash from clients who thought he’d use it to invest in cryptocurrencies.

Goldman Sachs Executive Says Legacy Retail Banks Are 'Screwed'

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High fees and digital competition are challenging their dominance, a firm executive said.

Survey: Half Of Advisors Don't Expect To Grow In The Next Five Years

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Advisors cited political and regulatory risk as their top concerns, according to a Bloomberg survey.

Dad Who Paid $450,000 To Get His Kids Into USC Pleads Guilty

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He used bribes to get his kids recruited as athletes, even though they were not.

Elizabeth Warren's Pledge To End Private Prisons Sends Shares Reeling

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The Democratic presidential candidate tweeted that private prisons are "profiteering off of cruelty.”

Spire Ordered To Pay $3M For Failing To Supervise Ponzi Scamster

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Spire Securities' CEO said he was "outraged" by the Finra award, contending the broker left the firm before defrauding investors.

SEC Wins Trial Against N.Y. Broker Charged With Defrauding Customers

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A second broker admitted to his misconduct and settled with the SEC on the eve of the trial.

N.Y. Lawmakers Pass Bill To Decriminalize Pot, Expunge Arrests

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The bill will "lay the groundwork" for full legalization, the state Assembly speaker said.

Quant Known As Mr. Bear Turned Bullish At Just The Wrong Time

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John Rachmat’s fund piled into coal stocks right before they sank.

At Wells Fargo, A Chance Dims To Break U.S. Banks' Glass Ceiling

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There are so few women within reach of the CEO suite across the nation’s 10 biggest lenders.

Bitmain Revives IPO Plan As Bitcoin Hits One-Year High

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The company was previously pursuing a Hong Kong IPO of as much as $3 billion.

Father-Son RIA Joins Carson Group With $250M In AUM

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WealthCare Partners in Indianapolis was formerly with Cadaret, Grant & Co.

N.J. Democrats Send Murphy Budget Without Millionaire’s Tax

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The budget raised the risk of a government shutdown.

Investors Make Biggest Share Of U.S. Home Purchases In 20 Years

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The growth in home purchases recently has been primarily among smaller investors, not large institutional players.

RIAs Can Still Use The Word 'Fiduciary' On New Form CRS

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After inaccurate press reports, the SEC confirms that RIAs have an exclusive right to use the term.