Trader Talk

Credit Suisse Securities will pay $9 million to settle claims that it violated multiple laws and rules related to customer protection, conflict of interest disclosures and preservation of client records. FINRA announced the sanctions Thursday, stating that Credit Suisse violated the SEC Customer Protection Rule by failing to maintain control of billions of dollars in
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Financial firms need to take more cues from Silicon Valley, according to Charles Schwab Corp. Chief Executive Officer Walt Bettinger. Consumers want their banks and brokerages to offer technology with the same level of personalization they get from ride-hailing and food-delivery apps, Bettinger said in a wide-ranging interview after Schwab reported fourth-quarter results this week.
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At least 1,000 victims. More than $115 million stolen. A deception that persisted for a decade to support a life of jet-setting, champagne popping and $10,000 suits. Those staggering figures summarize the rise and eventual fall of a former New York advisor and convicted scam artist known as “King Perry.” On Friday, 41-year-old Perry Santillo
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The favorite strategy of long-term investors and their financial advisors is about to get more complicated. Exchange-traded funds, with lower costs and built-in ties to benchmarks like the S&P 500 or themes like technology, are the go-to option for independent advisors helping clients, particularly younger ones, plan for major expenses like college, home-buying and retirement.
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As investors begin 2022, an old adage comes to mind: “Everything in moderation.” This phrase appropriately describes the current environment — a world of moderating gross domestic product (GDP) growth, moderating fiscal policy, moderating central bank support and moderating equity returns. Candice Tse With everything seemingly in moderation, it’s important to not lose sight of
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The Foundation for Financial Planning opened its 2023 grant request application and named its 2022 award recipients. Bernstein Private Wealth Management is launching a podcast that will include conversations between the company’s executives and celebrities about financial topics and investment strategies. Any California employer that has more than 100 employees and doesn’t offer a private
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With multiple fundraising deals in recent weeks, the wave into alternative investments is showing no signs of crashing in the new year. On Tuesday, CAIS, a digital platform offering financial advisors access to alternative funds and products, announced a $225 million round of funding led by Apollo and Motive Partners, with additional investment from Franklin
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After about 100 other SEC cases involving disclosures of 12b-1 fees in the past three years, a midsize firm resolved the regulator’s allegations that it failed to disclose its conflicts of interest. O.N. Investment Management, the RIA subsidiary of Cincinnati-based independent brokerage The O.N. Equity Sales Company (Onesco) and insurer Ohio National, breached its fiduciary
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With faster and more user-friendly investment technology comes greater risks to clients vulnerable to fraud, according to state regulators. Cryptocurrency and other digital assets, promissory note fraud, internet and social media scams and abuses of self-directed IRAs are the top four threats to investors in 2022, according to a survey of 46 state regulators released
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