Robo-adviser platforms are coming under the gun again as the latest tech advances attract increased scrutiny from regulators and raise concerns about the possibility of conflicts. New tools, like artificial intelligence and predictive analytics, have helped robo-advisers better manage money ...

James Iannazzo, the former Merrill Lynch broker who was fired in January after an incident at a Connecticut smoothie shop, is now a registered broker with Aegis Capital Corp., which is based in New York and has 300 retail registered reps. ...

Private Advisor Group said Wednesday it acquired Investors Financial Group, a Minneapolis registered investment adviser with $1.86 billion in advisory assets. Terms of the deal were not disclosed. With $30 billion in client assets, Private Advisor Group of Morristown, New ...

World Insurance Associates agreed to acquire Pensionmark Financial Group, a retirement and financial planning registered investment adviser supporting more than $80 billion in assets. Financial terms of the transaction were not disclosed. The transaction includes Pensionmark’s Advisor Support Platform, the ...

The Securities and Exchange Commission said the U.S. District Court for the Southern District of Ohio entered a final judgment against Scott Allen Fries, a former registered representative and investment adviser representative at Transamerica, for defrauding investors. According to the ...

During the Trump administration, the Department of Labor issued a controversial information letter confirming that under certain circumstances, private equity investments could be permissible as part of target-date, balanced or similar investment fund that was an option on a retirement ...

The Finra board approved regulatory proposals that could enable brokerages to conduct remote inspections of branch offices beyond December. Since the pandemic began, the Financial Industry Regulatory Authority Inc. has implemented temporary rules to allow remote supervision because brokerage personnel ...

JPMorgan Chase & Co. agreed Tuesday to buy Global Shares, a provider of cloud-based software for managing employee share plans, as the biggest U.S. bank scoops up firms to fend off competition.  Global Shares will be integrated into JPMorgan’s asset ...

The Federal Reserve raised interest rates by a quarter percentage point and signaled hikes at all six remaining meetings this year, launching a campaign to tackle the fastest inflation in four decades even as risks to economic growth mount. Policy ...

Yieldstreet has launched a new alternative investment fund that offers exposure to a handful of modern artists — including the anonymous British graffiti artist Banksy, who famously shredded a painting after it sold at auction for $1.4 million — but ...