The Department of Labor's fiduciary rule proposal has drawn mixed reactions from two different financial planning organizations, InvestmentNews reports. The Certified Financial Planner Board of Standards (CFP Board) has come out firmly in support of the plan, but the...
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Lyft error prompts note of caution to firms about releasing accurate information
An error by the rideshare company Lyft that caused shares to skyrocket prompted a note of caution from Securities and Exchange Commission Chair Gary Gensler, Reuters reports. In a fourth-quarter earnings release last week, Lyft initially forecast that an important...
Regulators caution investors on fraud involving purported use of AI
Federal and state regulators are warning investors about a rise in cases of fraud involving the purported use of artificial intelligence and other emerging technologies. The threat was the topic of last month's edition of 'Investor Insights' published by the Financial...
Slump expected to continue for non-traded real estate investment trusts
A decline in sales of non-traded real estate investment trusts (REITS) is expected to continue in 2024, according to InvestmentNews. A non-traded REIT is a private real estate investment vehicle not listed or traded on a public exchange. Non-traded REITs are designed...
Bill introduced in Congress to prohibit mandatory arbitration agreements
A bill known as The Investor Choice Act has been proposed in Congress in an effort to prohibit mandatory arbitration agreements in the financial industry, Financial Advisor reports. The legislation, introduced by Rep. Bill Foster (D-Ill.) and Sen. Jeff Merkley...