FINRA Suspends Merrill Rep Over Early UIT Rollovers
By Jeff BermanThe rep, also a registered Merrill supervisor, has been suspended for three months and fined $5,000.
June 28, 2021
CI Financial Gobbles Up $2.6B RIA in PennsylvaniaWith this deal and another other recent transaction, the firm says its U.S. assets should soon hit $68 billion.
June 28, 2021
New Law to Boost Life Policy Savings Power: Carrier ExecutivesNAILBA meeting speakers said a tax code change enacted in January will help clients accumulate more cash value.
June 28, 2021
Prescription Cost Help: A Medicare Customer QuestionSome low-income beneficiaries can get a complicated coverage boost.
June 28, 2021
Principal to Drop Fixed Annuities and Retail Life, Keep Variable AnnuitiesThe life insurer has responded to an activist investor by agreeing to dispose of big blocks of business to free up cash.
June 28, 2021
Macquarie Launches Private Market Fund for Accredited Investors: Portfolio ProductsAlso, BlackRock is liquidating seven iShares ETFs and splitting the shares of two others 6:1.
June 28, 2021
Ark Fans Breathe Sighs of Relief as Cathie Wood Mounts ComebackInflows are picking up, as her flagship fund has gained 26% since its May low. Can she keep it going?
June 25, 2021
Biden's Corporate Tax Rate Plan Isn't Going Away. Here's What to Know.A recent bipartisan infrastructure deal did not include a corporate tax increase as Biden had proposed, but the plan is not off the table.