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Goldman, Citadel Securities Pay SEC Millions Over Trade Labeling

Goldman Sachs Group Inc. and Citadel Securities each reached multimillion-dollar settlements with the SEC.

Fed Funds Futures Trade for December Hike Sees Record Volume

Trading volume surged this week in a corner of the fed funds futures market.

Ackman Sees Long-Term Rates Rising Further, Remains Short Bonds

Ackman remains short bonds. Expects long-term rates to rise further amid increasing government debt, higher energy prices and shift to green power.

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Real Estate

Housing Economist Warns of 8% Mortgage Rates After Home Sales Disappoint

Homebuyers made fewer deals in August as rough housing conditions persisted. That may get even worse, one housing expert said.

Advisor Technology

Empowering Smaller Wealth Managers – The Power Of "The Cloud"

Cloud computing has gone from sounding like an obscure term to one that any manager should know about.

News

What's in a Name? New SEC Rule Demands Transparency in Fund Names

The SEC approved a rule that requires investment funds to accurately reflect their investment focus in their names. The rule states that a fund must invest at least 80% of its assets in line with the focus suggested by its name. The SEC hopes that this will help investors understand the investment strategy of a fund and prevent misleading advertising. The new rules will become effective 60 days after they are published in the Federal Register, and fund groups will have 12-18 months to comply.