What Is a Riskless Principal? Key Concepts and NASD Rules

A riskless principal involves brokers executing identical market orders for clients. Learn how this regulated process works ...

When Are Expenses and Revenues Counted in Accrual Accounting?

Take an in-depth look at the treatment of revenues and expenses within the accrual method of accounting and learn why many ...
Investing

Fairfax Financial buys Under Armour (UA) shares for $70.9 million

V. Prem Watsa is the Chief Executive Officer and controlling person of Fairfax Financial Holdings Limited. In other recent news, Under Armour reported an earnings surprise for its second fiscal ...
napa-net

Major Financial Institution Will Contribute to Employees' Trump Accounts

The Bank of New York Mellon Corporation (BNY) announced Thursday that it would be matching the $1,000 that will be issued by the federal government into Trump accounts. Children born from 2025 to 2028 ...
Hartford Business

Webster Financial’s HSA Bank subsidiary acquires emergency savings account provider

Stamford-based Webster Financial’s HSA Bank subsidiary has acquired a Milwaukee-based provider of employer-sponsored emergency savings accounts. HSA Bank plans to keep SecureSave’s platform in place ...
cryptopolitan

Russia’s VTB Bank to launch crypto trading via brokerage accounts

Major Russian bank to offer clients access to cryptocurrencies. VTB will allow investors to buy and hold coins via brokerage accounts. The institution welcomes the Bank of Russia’s push for crypto ...
Biometric Companies

Account takeovers via financial institution impersonation prompts FBI warning

The Internet Crime Complaint Center (IC3) run by the U.S. FBI has issued a public service announcement warning Americans about a wave of account takeover attacks (ATOs) in which financial institution ...
AOL

Fidelity customers say they're being locked out of 401(k) accounts. Some call it a 'mind-boggling' power grab. But here's the financial giant's reason

As a major investment company and financial technology (fintech) platforms fight over access to client retirement accounts, some customers caught in the middle are discovering that the “K” in 401(k) ...
Morningstar

Financial Finesse Appoints Susan Weeks as Director of Key Accounts to Support Growth of PoweredBy Retirement

New role strengthens and expands partnerships with record keepers, asset managers and advisors to deliver scalable, high-touch financial wellness solutions that combine AI, fintech innovation, and ...
financefeeds

CFI Financial Bets on Bahrain as Next Gulf Trading Hub

Online trading firm CFI Financial Group has opened an office in Bahrain, naming Yaseen AlSamerrai as country chief, in a move that deepens the broker’s reach across the Gulf as regulators compete to ...
WMAZ

Did money disappear from your account? Robins Financial Credit Union explains account-balance glitch

WARNER ROBINS, Ga. — Many customers of Robins Financial Credit Union faced a confusing situation on Wednesday: money in their account seemingly disappeared. But according to the credit union, it was ...