A Georgia advisor has pleaded guilty to wire fraud charges after the U.S. Attorney said his firm had been engaged in a multiyear Ponzi scheme that defrauded his clients of millions of dollars.

Sees S&P At Below-Consensus 7,100 Overall, BofA has a muted outlook for stock returns next year. The firm’s 2026 year-end target for the S&P 500 puts it at the lower end of Wall Street consensus.

Mike Goss will head the new division as president, while also serving as chief revenue officer of the unified Wealthspire. The firm announced his elevation to this position on December 9, as well as ...

One of Point72 Asset Management’s star traders is leaving to launch his own hedge fund and has secured the largest initial backing the firm has ever granted to a departing trader.

Nearly half of Americans are more stressed over their finances than they were a year ago, according to a survey by the Allianz Center for the Future of Retirement. This was one of the findings in the ...

Wells Fargo Advisors, the St. Louis-based subsidiary of Wells Fargo, said advisor Gary Weisner jumped to the group on December 12 after more than 20 years at Oppenheimer, bringing more than $380 ...

BofA’s sell signal has been activated 16 times since 2002, Hartnett says. On average, the MSCI All Country World Index (an index that represents stocks globally) declined by 2.4% afterwards, the bank ...

The marketing rule, which went into effect May 4, 2021, governs how advisors use testimonials, endorsements and third-party ratings in advertising. While the rule opened the door to modern marketing ...

Economists surveyed by Bloomberg said they expect gross domestic product to grow 2% in 2026, powered by solid consumer spending and strong business investment. Yet hiring is set to remain muted as in ...

Spot gold was near $4,330 an ounce by mid-morning in London on Friday, and on track for a second weekly gain. The core U.S. consumer price index rose at the slowest pace since early 2021, according to ...

Shareholders of the $402 billion Invesco QQQ Trust Series 1 approved changing the fund’s structure from a unit investment trust, which is a little-used structure dating back to the birth of the first ...

Fundamental and altcoin-heavy strategies, where managers take long-term, bottom-up views on blockchain networks and tokens, are down about 23% after sharp drawdowns. Only market-neutral funds, which ...