Anthem, Cigna Pay $3M in Legal Fees to States That Sued to Block Merger
By Cheryl MillerThe plaintiff states will divide the settlement funds.
April 06, 2018
Scottrade Files to Send Galvin's Fiduciary Charges to Federal CourtScottrade argues that Massachusetts is trying to enforce the fiduciary rule even though Labor has suspended enforcement.
April 06, 2018
'Hamilton' Ticket Ponzi Schemer Sentenced to 6 Years in Prison: EnforcementIn another enforcement action, an ex-Philadelphia Eagle was ordered to pay $8 million for defrauding investors including his former coaches.
April 05, 2018
If DOL Drops Fiduciary Rule, Will Clean Shares Fade?Industry concerns and the 5th Circuit decision on the fiduciary rule may slow clean share emergence.
April 05, 2018
Smart-Beta ETFs Cross 10-Year ThresholdOppenheimerFunds marks a milestone for three of its revenue-weighed ETFs, early entrants in the smart-beta universe.
April 05, 2018
FINRA Updates AML Template for Small Broker-DealersThe update reflects small BDs' obligations under FINRA Rule 3310 in light of FinCEN's final rule on Customer Due Diligence Requirements for Financial Institutions.
April 05, 2018
13 Big Fund Firms to Report Active Share to All Investors After NY ProbeNew York's attorney general says the change can help investors since the DOL fiduciary rule is no longer being enforced for retirement savings.
April 05, 2018
Edward Jones Sued Over Alleged Fee-Based 'Churning Scheme'Four investors say the firm misled them about fees and about Jones' 'preference for investing in proprietary funds.'