Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the industry news that FINRA will be probing brokerage firms (both for retail clients and ostensibly RIA custodians as well) regarding their often-conflicted cash sweep programs into affiliated banks or proprietary money market funds, which has […]
Archives for 2020
Women’s initiatives: How the pilot programs worked
Three years ago, the AICPA Women’s Initiatives Executive Committee (WIEC) launched a pilot program and chose three midsize public accounting firms to participate. The mission? To kick off a step-by-step plan to create internal women’s programs from scratch or to rejuvenate such programs already in the works. These initiatives aim to not only improve the […]
Advising your clients on carbon emissions
The Association of Accounting Technicians (AAT) has called on its members to be proactive with helping clients and employers understand how they can achieve zero carbon emissions. The association has said that accountancy has a big part to play in the UK achieving its target of bringing all greenhouse gas emissions to net zero by 2050, a […]
“Echoes of 2000”: bond and tech funds on fire – BofA
LONDON (Reuters) – Bond funds sucked in $16.6 billion in the week to Wednesday, with investor euphoria sending bond yields lower even as global economy shows traces of improvement, BofA said on Friday. Bond funds have attracted $40 billion in the last two weeks, BofA said, calling it the “echoes of 2000”. The massive rally […]
Former GOP Rep. Chris Collins set to be sentenced in insider trading case
Former U.S. Rep. Chris Collins (R-NY) exits federal court on October 1, 2019 in New York City. Drew Angerer | Getty Images Disgraced former Rep. Chris Collins is set to be sentenced Friday in the insider-trading case that led him to give up his seat in Congress. U.S. Judge Vernon Broderick is scheduled to deliver […]
How worried should Amazon’s Jeff Bezos be about India?
By Andy Mukherjee Jeff Bezos is in India at an awkward moment. Just before his visit, the country’s antitrust authority ordered a probe into the business practices of its two main American-owned shopping websites. One of them is his.How worried should the Amazon boss be? If the Competition Commission’s recently released study on e-commerce is […]
Editor’s Comment: So is it all over for the robo-advisers?
I remember a few years back when I worked at another media business that we had a presentation from a senior bod about the exciting technological future awaiting the company. I recall a couple of things from the presentation, one was that the screen for his PowerPoint presentation almost collapsed at the beginning, causing […]
Amazon aims to create 1 million jobs by 2025
Amazon said it’s looking to create 1 million new direct and indirect jobs in India by 2025, a day after industry and commerce minister Piyush Goyal said the world’s largest online retailer wasn’t doing any favours by investing $1 billion in the country. The jobs will be in areas such as information technology, infrastructure, logistics […]
Audit: Franklin schools’ accounting in good shape – Wakeweekly
By Chris L. Harris Special to The Wake Weekly LOUISBURG — After a presentation from accounting firm Dixon Hughes Goodman on Monday, the Franklin County Board of Education unanimously approved accepting the results of a finalized financial audit relating to the 2018-19 fiscal year. Tyler Baity, a senior assurance manager with the firm, presented what […]
RBI New rules to enhance security of Credit and Debit Cards – How it impacts you?
There has been consistent increase in the usage of credit and debit card transactions both for online and in-store purchases. This has also led to surge in frauds related to these card transactions. To counter these cards related fraud and to enhance customer control over transactions RBI has proposed following rules. For New Cards or […]