Texas Advisors Convicted for Conspiring With Radio Host on Ponzi Scheme

Published on August 20, 2026

Joshua Allen and Michael Cox were found guilty of defrauding hundreds of investors through their firm, Ferrum Capital, with much of the money used to pay earlier investors.

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Riskier AT1s Are Most Stable in This Upside-Down Bond Market

August 20, 2026
Additional Tier 1 bonds — deeply subordinated debt banks issue for regulatory purposes — have been 75% less volatile than high-grade corporate bonds, according to rolling 10-day data.

Franklin Plans to Push Tokenized Assets Into Traditional Funds

August 20, 2026
The firm plans to use its tokenized money-market fund inside ETFs and mutual funds, either as a holding or as collateral, according to a letter posted by the SEC.