A Los Angeles-based private equity firm and registered investment adviser, has agreed to pay $1 million dollars to settle charges that it failed to implement and enforce policies and procedures reasonably designed to prevent the misuse of material nonpublic information.
Staff Reports
Everything You Wanted To Know About The COVID-19 Stimulus Bill
The Senate passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic. The unanimous vote Wednesday came despite misgivings on both sides.
Federal Officials Reach Deal On $2 Trillion Aid Package
The White House and Senate leaders of both parties have struck an agreement on a sweeping $2 trillion measure to aid workers, businesses and a health care system strained by the rapidly spreading coronavirus outbreak. Top White House aide Eric Ueland announced the agreement in a Capitol hallway shortly after midnight.
Morgan Stanley Acquires E-Trade In Blockbuster $13B Deal
Morgan Stanley will acquire E-Trade’s $360 billion in assets and 5.2 million customers as part of the merger, which Morgan Stanley can then turn around and use to start making loans. E-Trade has a popular online platform that helps businesses manage their employee stock plans, which will be merged into Morgan Stanley’s existing platform as well.
Millennial Money: Recession Jitters And Your Client’s Finances
Even just talk of a possible recession can trigger anxiety for anyone who associates it with the major economic downturn of a dozen years ago. Recessions — and their severity — are out of your control, your own financial situation doesn’t have to be.
Will The China Coronavirus Strike Investments?
One of the potential disruptors of the generally positive economic news surfaced in the form of a viral outbreak in China last week. Known as the coronavirus, as of this morning, there were nearly 2,800 cases in mainland China (mostly in the Wuhan area) and 80 deaths, for a mortality rate of about 3 percent.
Seven Ways a CRM Can Enhance Your Practice
Having a CRM will help keep your business running smoother and more successfully, all while saving you and your clients time and money. The author explains all the ways a good CRM makes the advisor’s life a lot easier to manage and be successful.
Earnings Are All About 2020: Analysis
Fourth-quarter earnings season kicked off last week with 24 S&P 500 Index companies reporting fourth quarter results. The market’s reception to the first batch of results was mostly positive, particularly for several of the big banks.
IRI Retirement Report: Clock Is Ticking For Millennials
A survey by the Insured Retirement Institute (IRI) finds that millennials’ expectations are not well aligned with the retirement planning steps they have taken thus far. Although nearly eight in ten millennials say that they have saved some money for retirement, nearly half – 46 percent – have saved less than $10,000.
10 Reasons Financial Advisors Choose To Go Independent
Advisors want to have the freedom and flexibility to provide the best possible client experience as true fiduciaries and differentiate themselves in order to compete for more wallet share. With overall wealth increasing in the U.S., there will be continued demand for the services that independent advisors deliver.
