Despite the wider #MeToo movement, many women in the financial advisory industry who have been sexually harassed are still reluctant to come forward and report the abuse. Can employers do more to make the reporting process easier?
Many employers may not be doing enough to help victims address the problem of workplace harassment, according to a WealthManagement.com survey of more than 300 members of the financial advisory industry regarding sexual harassment and discrimination in the workplace.
President Donald Trump volubly claimed to be responsible for the stock market’s success. Given his recent statements on Amazon, trade deals and other contributions to market uncertainty, it begs the question: Did he recently short and cover?
Three corporate RIAs of broker/dealers have settled charges with the Securities and Exchange Commission for failing to disclose conflicts of interest and violating best execution duties. The SEC alleges PNC Investments, Securities America Advisors and Geneos Wealth Management put clients into higher cost mutual fund share classes when lower-cost share classes were available, an issue the regulator has been cracking down on. ...
Financial Illiteracy Persists, Among Young and Old Many Americans lack the knowledge needed to make financial decisions, according to a new survey by the TIAA Institute and the Global Financial Literacy Excellence Center at the George Washington University School of Business. On average, U.S. adults correctly answered just half of the 28 questions on the survey. Americans had the most trouble understanding risk, correctly answering an average of 35 percent of questions in that category. ...
Oregon Advisor Accused of Running Ponzi Scheme An Oregon financial advisor has been charged with defrauding senior citizen clients in what amounts to an alleged Ponzi scheme. The U.S. Attorney's Office for the District of Oregon claims that Shayne Kniss ran a Ponzi scheme through his investment firm, Iris Capital Management. The U.S. Attorney alleges that Kniss offered his clients – many of whom were 65 or older – access to four investment funds backed by houses in the Portland area. ...
