The Wealth Advisor

Contributor

The Wealth Advisor is today’s most relied-on source of news and education for planners and advisors. We scan the news so you don’t have to, sending you what you don’t want to miss…but don’t always have time to find yourself without poring through dozens of publications. The Wealth Advisor sends you a handy once-a-week list of the most important news, hand-picked by our staff for its importance to investment advisors and their practices.

Robinhood Gets New Legal Threat From SEC as Crypto Crackdown Continues

Robinhood said it received a SEC warning that the trading platform could face an enforcement action related to its US crypto business.

This Week in Bidenomics: No Stag, No 'Flation, Just Consternation

Federal Reserve Chair Jerome Powell gave a backhand compliment to the Biden economy during his latest press conference on May 1.

Hedge Funds Turn Bullish on Consumer Stocks Ahead of Potential Rate Cuts, Goldman Says

Hedge funds are reversing their bearish stance on stocks as the latest economic data and comments from the Fed revive bets on interest rate cuts.

Grayscale Bitcoin Trust's Shares Jump After First Inflow Since January

Shares of Grayscale Bitcoin Trust jumped 2.4% after the ETF that tracks the price of bitcoin saw its first day of inflow since January.

The FDIC Change That Leaves Wealthy Bank Depositors With Less Protection

New rules implemented last month capped what the Federal Deposit Insurance Corporation (FDIC) will insure in a trust account at $1.25 million.