During a regulatory examination or a client litigation/arbitration proceeding, be sure not to provide e-mails to or from your legal counsel. These e-mails, together with all other correspondence and verbal communications and advice to/from counsel are “privileged,” and not subject to turnover, disclosure, or production during a regulatory proceeding, including a compliance examination, or a client lawsuit or arbitration proceeding. Correspondence, compliance reviews, and verbal communications between an advisory firm and a non-law firm provider are not privileged.
A growing number of large passive asset managers are voting in favor of ESG-related shareholder proposals.
The private equity firm has bought a majority stake in Fiserv's Investment Services unit and renamed it Tegra118.
Meanwhile, Raymond James and Wells Fargo pick up advisors from wirehouse firms and other broker-dealers.
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