Hedge funds are increasingly being scrutinized by different watchdogs. However, the differences in the way the groups want to regulate funds may generate more talk than action, according to The Wall Street Journal. Hedge funds are loosely regulated pools of capital. and many regulators and central banks worry that hedge funds may pose a considerable risk to the global financial system and could precipitate or worsen a monetary crisis. However, countries cannot seem to coordinate on the efforts. In Europe, officials are pushing for more disclosure of hedge fund portfolios or a rating system. German officials have been very aggressive, using their chairmanship of the Group of Eight leading nations. The U.S. may propose a
-
Opponents haven't stated publicly that they will file a lawsuit, but one will almost certainly challenge the Biden administration's expansion of the fiduciary duty.
1h ago -
Few U.S. adults have done any estate planning. Even fewer have done so for their pets. Advisors can help them get started.
5h ago -
Fidelity launched a new hub aimed at helping advisors who said they're struggling to grow organically. The move comes as LPL Financial and BlackRock launched similar hubs this year.
6h ago -
Three advisory teams managing $10 billion in the San Francisco area are among an ongoing wave of departures from the biggest U.S. bank.
April 22 -
Experts say that busy entrepreneurs often miss incentives and advantages available to them. Financial advisors and tax professionals can give them a nudge.
April 22 -
The CEO of the RIA "roll-up" outfit thinks that ongoing industry consolidation doesn't necessarily mean all firms will start to look the same.
April 22