The Securities and Exchange Commission has launched a website for a fake initial coin offering to educate investors about what to look for in a scam. HoweyCoins.com looks a lot like other scam ICO websites investors may come across, complete with an “About” page, team member photos and job titles, and testimonials. ... Most Americans Don't Have a Financial Plan Having a financial plan can lead to better daily money behaviors, but only about one in four Americans have one, according to the latest results of Charles Schwab's 2018 Modern Wealth Index. The survey, of 1,000 Americans, found that three in five live paycheck-to-paycheck and, two in five feel financially stable and just 35 percent have an emergency fund. ... Kennedy Co-Sponsors Warren's Bill To Pay Arbitration Awards U.S. Senator John Kennedy (R-La.) said Wednesday he is co-sponsoring Senator Elizabeth Warren's (D-Mass.) legislation intended to compensate investors for unpaid arbitration awards. The Compensation for Cheated Investors Act (S. 2499) would direct the Financial Industry Regulatory Authority (FINRA) to use its existing power to create a pool of money funded by penalties against its members to compensate victims. ...
