Opinion
Wall Street Drags Main Street Into a Fee Dispute: Nir Kaissar
A battle is brewing between Wall Street and stock exchanges. Wall Street says it’s fighting for ordinary investors, but don’t be fooled. Like everything else on Wall Street, this dispute is about the bottom line.
Here’s a Way to Help Tell Good Brokers From the Bad: Nir Kaissar
Don’t be so quick to believe the dirt you hear about brokers.
How to Debate Finance Without Being a Jerk: Barry Ritholtz
The arrest of a partisan extremist who mailed explosive devices to political and media critics of President Donald Trump was a reminder of what happens when rhetoric turns nasty.
Merrill Can’t Restore the Bad Old Days of Conflicts: Nir Kaissar
The rule, which the Department of Labor first proposed in 2015, required brokers to act as fiduciaries — to put their clients’ interests ahead of their own — when handling retirement accounts. It sounded simple, but it meant that brokers would have to rethink the way they do business.
Reflections on What Happened 3 Years Ago and its Impact on ETF Trading
Today marks the third year anniversary of an “intraday flash crash” that had devastating consequences. Specifically, on August 24, 2015, approximately 1,278 stocks “gapped down” more than 5% at the opening, so the NYSE stopped trading on those stocks.
For Advisors, Stifel’s Actions Speak Louder Than Words
Read Ron Kruszewski’s Letter to the SEC
Active Money Management Isn’t Going to Disappear: Barry Ritholtz
There’s a line of argument in the financial press that suggests that active money management is dying, a victim of high fees and underperformance versus low-cost indexing that captures average market returns.
Worried About Broker Conflicts? The SEC Isn’t: Elizabeth Warren
Your lawyer can’t take money from your opponent to give you bad legal advice. If you’re on Medicare, your doctor can’t take kickbacks from drug manufacturers for prescribing their drugs. But, under current law, your broker-dealer can receive monetary rewards and other perks for recommending certain investment products, even if those products aren’t in your best interest.
Vanguard’s Not Only Threat to Active Managers: Eric Balchunas
Truly passive index and exchange-traded funds are winning over many financial advisers.
Wall Street Turns Up the Pain on Earnings Misses: Stephen Gandel
Wall Street has not been dealing well with disappointment recently.
Opinion: Report Card on an Industry in Transition
AdvisorHub CEO grades the various business models.