Cadaret Grant to Pay $6M Over Mutual Fund Revenue-Sharing Conflicts
By Dinah Wisenberg BrinThe firm must evaluate whether clients should be moved to an available lower-cost share class or fund.
August 13, 2024
Life and Annuity Illustrations Confuse Clients, Advisor Tells RegulatorsPerformance charts should be more realistic about the impact of bad years, Richard Weber argues.
August 13, 2024
More Life and Annuity Products Offer Commodity IndexesInflation is increasing some clients' interest in tying value to something tangible.
August 12, 2024
Budget Deficit Hits $1.5T as Fiscal Year Nears EndInterest costs in the first 10 months of the fiscal year totalled $956 billion, up 32% from 2023.
August 12, 2024
BD to Pay $1.2M to Settle Reporting ChargesThe firm didn't adopt adequate anti-money laundering policies or file one suspicious activity report for three years, the regulator says.
August 12, 2024
New Trial Date Set for Former BofA Banker Charged With Merrill Exec's MurderAnthony Duwayne Turner's jury trial in the death of Michelle Avan should begin Sept. 16 in Los Angeles County.
August 12, 2024
RBC's Former CFO Sues Bank, Denies Affair With ColleagueFired in April, Nadine Ahn says she suffered "reputational harm" and "humiliation" and is asking for $36 million in pay and damages.
August 12, 2024
U.S. Deaths Still 7% Over Pre-COVID Norm in Q2A large majority of the extra deaths were attributed to causes other than COVID.