SEC Orders Transamerica Affiliates to Repay $97M Over Rookie's Faulty Quant Models
By Melanie WaddellThe four affiliates launched the products and strategies "without first confirming that the models worked as intended," SEC said.
August 27, 2018
CFPB Student Loan Chief Resigns, Says Mulvaney Has Abandoned ConsumersFormer employee states it's clear "that consumers no longer have a strong, independent consumer bureau on their side."
August 27, 2018
401(k) Participants Regret Splurging on Clothes, Cars: SchwabNearly 3 in 4 investors want individualized 401(k) help, a Schwab survey found.
August 27, 2018
FinMason Integrates With Orion to Expand Advisors' Planning Abilities: Portfolio ProductsAlso, Fiserv enhances its Unified Wealth Platform, and American Portfolios launches a client-facing portal.
August 27, 2018
Top 8 Direct-Sold 529 Plans: Savingforcollege.comThese plans earned the highest rankings for their performance over three and five years.
August 27, 2018
Reinsurers Have Traded $60 Billion in Longevity Risk: Rating AgencyS&P Global analysts are also watching Norway's new approach to handling lifespan uncertainty.
August 25, 2018
How a Financial Services Distributor Sees the New Life Accounting RulesAn executive says the new FASB long-duration contract rules could be the sleeper story of the year.
August 24, 2018
5 Plot Twists From the New GAO HealthCare.gov ReportOne thing HealthCare.gov managers are planning to do could ease the rivalry between agents and navigators.