PIMFA, the trade association for the wealth management and financial advice industry, has welcomed the latest analysis of the regulatory perimeter from the FCA but says the regulator must act sooner to avoid consumer harm.

Premier Capital Advisors, a wealth advisory and investment management firm serving clients throughout Latin America and the Caribbean, has surpassed the threshold in assets under management to be (classified) as a large advisory firm and is now registered with the US Securities and Exchange Commission (SEC).

Fulcrum Asset Management is continuing its push into the US, with Paul Seaton, director, commenting that the less certain investment environment is encouraging interest in their multi-asset offering.
 

The Securities and Exchange Commission (SEC) has instituted settled proceedings against two robo-advisers for making false statements about investment products and publishing misleading advertising.  

The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Dro Kholamian of Barrington, Illinois, and his company, Blue Star Trading, LLC (Blue Star), an Illinois limited liability company with an office in Park Ridge, Illinois.

The SEC has issued and settled charges against professional boxer Floyd Mayweather Jr and music producer Khaled Khaled, known as DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs). 

ETF data provider ETFGI reports that ETFs and ETPs listed in Canada reached a new high of USD131 billion in assets, following net inflows and market moves of USD2.19 billion during August.

American Century Investments has launched the American Century Quality Diversified International ETF (QINT), American Century STOXX US Quality Growth ETF (QGRO) and American Century Diversified Municipal Bond ETF (TAXF) on the NYSE ARCA.

ETF provider and asset manager First Trust has launched the First Trust S&P International Dividend Aristocrats ETF on the Nasdaq Stock Market LLC under the ticker symbol FID.

Mike Venuto (pictured) and his team at TETF.index, the index that follows the ETF industry has published a note on Facebook.