NAIC Adopts Annuity Sales Rule Guidance Update
By Allison BellThe move is part of the effort to move to a best-interest standard, from a suitability standard.
December 22, 2025
Wells Fargo to Expand Into Clearing the $3.9T-a-Day Options MarketThe fourth-largest U.S. lender wants to build a bigger presence on Wall Street by taking on BofA and Goldman Sachs.
December 22, 2025
Janus Henderson to Be Acquired for $7.4BTrian Fund Management and General Catalyst Group are buying the asset manager in an all-cash deal.
December 22, 2025
Invesco Approves Move to Convert QQQ Into a Standard ETFSubject to board approval, Invesco will now lower QQQ’s expense ratio by two basis points to 0.18%.
December 19, 2025
Despite Challenges, Wealth and Asset Firms See a Bright Year AheadLarge majorities of firm expect revenue growth of at least 5% next year, according to a Wipfli survey.
December 19, 2025
FINRA Suspends, Fines Rep Over Unapproved Trades, TextsThe Alliance Global Partners rep used his cell phone to exchange thousands of business-related texts, FINRA says.
December 18, 2025
Waldeck to Succeed Feeney as Head of Prudential's U.S. BusinessesAndrew Sullivan, the CEO, said Waldeck has "a proven ability to drive results."
December 18, 2025
PIMCO Gathers $7B for New Asset-Based Finance StrategyThe effort includes its first funds designed exclusively for wealthy individuals.and insurance companies.