The leaders of the Securities and Exchange Commission's enforcement division say they are taking aggressive action to combat potential investment fraud related to the COVID-19 pandemic.
"We believe that sustainability should be our new standard for investing," BlackRock CEO Larry Fink says. The investment giant's move puts pressure on companies to reduce reliance on fossil fuels.
Changes are rippling through the financial services market as trade fees drop to zero. The merger will likely attract antitrust scrutiny, as the combined firms will hold $5 trillion in client assets.
With the Dow swinging up and down hundreds of points in a day, investors are feeling queasy. One economist says uncertainty in the stock markets may mean turbulence will continue in the new year.
Investors and retirees who now get lengthy paper reports on how their mutual funds are doing will have to go online for the same updates. The change is frustrating consumer watchdogs.
