Merrill Repaid $7M to Fund Investors for Overcharges
By Bernice NapachThe firm failed to ensure that clients received sales charge and fee waivers they were entitled to, FINRA says.
June 04, 2020
Schwab-TD Ameritrade Deal Gets Shareholders' ApprovalThis development came hours after Schwab said the Justice Department had approved the transaction.
June 04, 2020
DOL Gives Green Light for Private Equity in 401(k)s"Private equity may be part of a prudent investment mix" for these plans, according to a DOL letter.
June 04, 2020
Fidelity Launches 3 Nontransparent ETFsIt is the third asset manager to launch such funds, which are the firm's first actively managed equity ETFs.
June 04, 2020
Coronavirus Crisis Is Putting Client Relationships to the Test: McKinseyAdvisors who devote more time to clients are likelier to retain them through the downturn, the consultancy says.
June 04, 2020
Raymond James Debuts Pride Advisors NetworkThe group's formal debut comes about a year after the firm introduced plans for the network at its national advisor conferences.
June 04, 2020
Schwab-TD Ameritrade Deal Gets DOJ ApprovalThe development comes after a second review of antitrust concerns by the Department of Justice.
June 04, 2020
Advisors May Pry HRA Business Away From Brokers: AiteThe firm also sees job cuts putting HSA business up for grabs.