Regulatory & Compliance
The Financial Industry Regulatory Authority has floated a change to Finra Rule 2210, which generally bans broker-dealers from using performance projections or targeted returns in their marketing communications. So reports ThinkAdvisor.
Markets & Investments
The world’s wealth total has shrunk on a year-over-year basis for the first time since the 2008 financial crisis, according to an annual report by UBS. So reports Fortune.
Fidelity Investments released a new analysis that finds the average 401(k) balance fell 4% in the third quarter, a period in which the S&P 500 similarly dropped 3.7%. So reports CNN.
Technology & Communications
JPMorgan Chase has begun the first steps of looking into a blockchain-based digital deposit token, according to a source with knowledge of the situation. So reports Bloomberg.
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