Folio Signs Up to Sell NextShares
Folio will be the first BD to offer Eaton Vance's exchange-traded managed funds; 11 asset managers, including ALPS, have signed on to launch NextShares.
Sons of Indicted Swiss Financial Adviser Keep Business in the Family
After his indictment, Josef Beck’s directors formed another company to manage money for American citizens, records show.
Photographer: Jason Alden/Bloomberg
A few weeks after his indictment, Josef Beck’s directors formed another company to manage money for American citizens, records show
Guggenheim, the SEC and Milken's Shadow
Did the former junk-bond king act as an investment advisor? Regulators seem to have spent two years investigating just that.
Guggenheim Unit to Pay SEC $20M Over Compliance Failures
The group failed to disclose an executive’s $50 million loan from a client; staff took “dozens of trips” on clients’ planes.
PIMCO’s Latest Woes: The Good, the Bad & the Ugly
The SEC is looking at “odd lot” pricing of non-agency MBS, which is no simple matter, says a Morningstar researcher.
Pimco Gets Wells Notice Over Total Return ETF Valuations
Regulators are looking at positions in mortgage-backed securities, performance disclosures and other matters.
Most Advisors See Little Effect From New Fiduciary Rules, Survey Finds
But, expert asks, do reps really understand what they will need to do to fully monitor and manage investment suitability?
Massachusetts, Montana Sue SEC Over JOBS Act
The states are unhappy with the capital-raising provisions, known as Regulation A+, which bar them from regulating some small offerings.
On Wall Street, if You Earn More You Cheat More, Study Finds
More than a third of the highest paid financial professionals have firsthand knowledge of wrongdoing, and many say compensation plans incentivize lawbreaking, the study found.
DOL Extends Fiduciary Comment Period by 15 Days
With the 15-day extension, “the initial comment period will be 90 days and the department anticipates the opportunity for public comments may be more than 140 days in total,” DOL says.