Securities Class Action Settlements Amounted to $5B in 2018, Report Says
By Amanda BronstadCornerstone Research's annual report also found that average settlement values rose, with many of them landing between $10 million and $48 million last year.
March 26, 2019
GAO Calls for Tougher Rules on Consumer Reporting AgenciesThe Equifax breach "revealed major gaps" in how agencies protect and use consumers' data, senators said.
March 26, 2019
Wells Fargo Taps Interim Wealth ChiefThe bank confirms that Tim Traudt is replacing Jay Welker, who was accused of gender bias last year.
March 26, 2019
Advisor Exam Rate May Fall in 2019, Says SEC; New Services Planned for Emerging FirmsPlus, Dynasty Financial Partners shares details about its new headquarters, and Raymond James hires a new executive for its Investment Advisors Division.
March 26, 2019
Wells Fargo Launch; Kestra Finds Buyer; Moore Leaves Cetera: BD RoundupThe wirehouse says its new program is a "category killer." Meanwhile, one independent broker-dealer wins the backing of a private equity group, and another loses its CEO.
March 26, 2019
Why ESG Is Too Nuanced for Index InvestingActive management brings deeper analysis and nimbler choices into building socially responsible portfolios.
March 26, 2019
Tech Execs Warn of 'Consumer-ification of Wealth Business'Advisors must boost adoption of digi tools to stay relevant, say Black Diamond execs Eli George and Bjorn Widerstedt; meanwhile, TD Ameritrade Institutional tech guru Dani Fava urges advisors to watch and read more sci-fi.
March 26, 2019
Roundup: SEC 12b-1 Settlements, Wells in Hot Seat, and Treasury Regs HousecleaningThe SEC's share class initiative is showing results, while Rep. Waters says Wells Fargo is 'too big to manage' and Treasury axes tax regs.