M1 Finance will pay $850,000 to settle FINRA allegations that social media influencers paid by the firm made misleading or exaggerated claims to lure investors, the broker/dealer regulator announced. RESIDENCE is the first enforcement action resulting from a previously announced targeted examination of firms' oversight of paid social media influencers. Connected: FINRA targets firms' social…

(Bloomberg) — Americans who enjoyed capital gains from a stock market rally or interest from high-yield savings accounts in 2023 may have some surprises waiting for them on their tax bill. This is showing as one of the main topic of this year's tax filing season. But there are even more considerations that taxpayers should…

Years ago, when company stock in 401(k) plans was a hot topic, I visited a publicly traded bank in western Pennsylvania that was facing a dilemma. Senior executives, also members of their 401(k) retirement committee, knew there was a big announcement that would negatively impact the bank's stock price. As ERISA fiduciaries, they asked me…

It's been three years since I wrote “Planning today for potential addiction tomorrow.” The article created an agenda for a webinar outlining steps baby boomers can take to prepare to handle investments, insurance, long-term care and other issues before they lose the ability to handle those issues on their own. I followed up with several…

The most pressing tax law developments of the past month. Source link

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(Bloomberg Opinion) — All sustained bull markets need positive periods to keep them moving higher, and next month will be a desert of good news. First, consider the perspective on Monetary Policy Land. Interest rate cuts that seemed inevitable a few months ago have apparently been delayed, perhaps until mid-summer. Although I am an avowed…

New York City-based WealthFeed, an AI-driven lead generation tool for advisors, has raised $2 million in funding from Thicket Ventures, a venture capital firm founded by Justin Wisz, former CEO and co-founder of Vestorly. Executives from the RIA, investment banking and private equity sectors have also invested, including Joe Jolson, founder of JMP Group, and…

The most electrifying three weeks in sports are almost upon us, when upsets, hype stories and Cinderella stories dominate America's lexicon. Around the time the NCAA tournament begins and millions of traders are consumed by basketball, the Federal Reserve also releases information on what should be a key March meeting. Setting the scene Connected: The…