Allianz U.S. Unit Ordered to Pay $6B in Securities Fraud Case
By Bob Van VorisIts structured alpha funds lost $7 billion during the early days of the pandemic in 2020, spurring many investor lawsuits.
July 12, 2023
SEC Wants BDs to Assess Cash Reserves DailyThe SEC's plan, released Wednesday, would amend the broker-dealer customer protection rule.
July 12, 2023
Do Schwab's New HNW Services Threaten Advisors?Experts debate if the offerings are handholding for wealthy DIY clients or competition for RIAs' hands-on services.
July 12, 2023
15 of the Best Dividend Funds to Invest in Now: MorningstarThere are deals to be found as dividend stocks underperform the broader market, analysts say.
July 12, 2023
Medicare and Social Security Fair Share Act Boosts Taxes on WealthyThe bill would apply the Social Security payroll tax to wage, self-employment and investment income above $400,000.
July 12, 2023
Hightower Invests in Tax FirmGMS Surgent will become a "wholly owned tax subsidiary," giving advisors access to complex tax and advisory services.
July 12, 2023
More Prime-Age Clients Want Life InsuranceThe activity level for clients ages 61 and older fell.
July 12, 2023
Social Security COLA Estimated at 3% for 2024 Amid Mixed Inflation SignalsA COLA of 3% would raise the current average monthly benefit by about $54.